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    Fundamental Accounting Principles
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    Exam 9: Analyzing Financial Statements
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    CrossSport Had Average Total Assets of $697,000
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CrossSport Had Average Total Assets of $697,000

Question 189

Question 189

Multiple Choice

CrossSport had average total assets of $697,000.Its gross sales were $3,090,000 and its net sales were $2,000,000.CrossSport's total asset turnover was


A) 2.87
B) .82
C) 1.2
D) .64
E) .34

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