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Urban Farming Technologies has total equity of $780,000; sales of $3,600,000; current assets of $950,000; and total liabilities of $520,000. What is Urban Farming Technologies' total asset turnover? A) 2.77 B) 3.79 C) 4.62 D) 2.26

Urban Farming Technologies has total equity of $780,000; sales of $3,600,000; current assets of $950,000; and total liabilities of $520,000. What is Urban Farming Technologies' total asset turnover? A) 2.77 B) 3.79 C) 4.62 D) 2.26

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Urban Farming Technologies has total equity of $780,000; sales of $3,600,000; current assets of $950,000; and total liabilities of $520,000. What is Urban Farming Technologies' total asset turnover? A) 2.77 B) 3.79 C) 4.62 D) 2.26
Transcribed Image Text:Urban Farming Technologies has total equity of $780,000; sales of $3,600,000; current assets of $950,000; and total liabilities of $520,000. What is Urban Farming Technologies' total asset turnover? A) 2.77 B) 3.79 C) 4.62 D) 2.26
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