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    Accounting Principles
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    Exam 18: Financial Statement Analysis
  5. Question
    Stanton Corporation Had Net Income for the Year of $200000
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Stanton Corporation Had Net Income for the Year of $200000

Question 73

Question 73

Short Answer

Stanton Corporation had net income for the year of $200000 and a profit margin of 20%. If total average assets were $400000 the asset turnover ratio was ____________ times.

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