Survey Of Accounting
Survey Of Accounting
5th Edition
ISBN: 9781259631122
Author: Edmonds, Thomas P.
Publisher: Mcgraw-hill Education,
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Chapter 4, Problem 11Q
To determine

State the purpose and importance of a procedures manual.

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Savannah Construction reported beginning total assets of $1,100,000 and ending total assets of $1,200,000 for 2020. Its net income for this period was $520,000, and its net sales were $3,000,000. Compute the company's asset turnover for 2020.
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