The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2017and 2018, respectively. The fixed-asset turnover ratio for 2018 was 3.25. Calculate Pinewood’s net sales for2018.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2017
and 2018, respectively. The fixed-asset turnover ratio for 2018 was 3.25. Calculate Pinewood’s net sales for
2018.

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