
SOUTHWEST..ESSEN.OF TAX.2020 W/CENGNOWV
23rd Edition
ISBN: 9780357251881
Author: Raabe
Publisher: Cengage Learning
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Don't use ai solution please and general accounting question
At the beginning of the year, Brian Wilson Inc. reported total assets of $22,000,000. By the end of the year, the total assets had increased to $28,000,000. Brightwell had net income of $5,500,000 on total sales of $47,000,000. What was the total asset turnover for Brightwell Inc.?
Can you solve this general accounting problem using accurate calculation methods?
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