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    Fundamentals Of Corporate Finance Study Set 21
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    Exam 3: Working With Financial Statements
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    Current Assets Are $94,700
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Current Assets Are $94,700

Question 190

Question 190

Multiple Choice

Current assets are $94,700. Accounts payable is $36,200, net income is $12,400 and sales are $110,800. What is the net working capital turnover rate?


A) 0.21
B) 0.85
C) 1.17
D) 1.68
E) 1.89

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