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Calculate Assets Turnover for a Car Manufacturing Company from the Following

Question 44

Multiple Choice

Calculate assets turnover for a car manufacturing company from the following information: Sales = $600,000
Land and building = $110,000
Cash at bank = $50,000
Inventories = $40,000


A) 2 times
B) 3 times
C) 5 times
D) 4 times
E) 6 times

Correct Answer:

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