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    Fundamental Accounting Principles Study Set 6
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    Exam 10: Plant Assets, Natural Resources, and Intangibles
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    Spears CoHad Net Sales of $35,400 Million
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Spears CoHad Net Sales of $35,400 Million

Question 48

Question 48

Multiple Choice

Spears Co.had net sales of $35,400 million.Its average total assets for the period were $14,700 million.Spears' total asset turnover equals:


A) 0.42.
B) 0.35.
C) 1.48.
D) 2.41.
E) 3.54.

Correct Answer:

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