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Bountiful Company Had Sales of $650,000 and Cost of Merchandise

Question 194

Multiple Choice

Bountiful Company had sales of $650,000 and cost of merchandise sold of $200,000 during the year. The total assets balance at the beginning of the year was $175,000 and at the end of the year was $167,000. Calculate the ratio of sales to total assets.


A) 3.00
B) 3.80
C) 0.29
D) 0.26

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