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    Intermediate Accounting Study Set 9
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    Exam 11: Depreciation, Impairments, and Depletion
  5. Question
    In 2014, Bargain Shop Reported Net Income of $5
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In 2014, Bargain Shop Reported Net Income of $5

Question 22

Question 22

Multiple Choice

In 2014, Bargain shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $70 billion. What is Bargain shop's asset turnover ratio?


A) 0.31 times
B) 0.08 times.
C) 2.5 times.
D) 12.3 times.

Correct Answer:

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