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    Fundamental Accounting Principles Study Set 1
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    Exam 15: Investments
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    A Company Has Net Income of $130,500
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A Company Has Net Income of $130,500

Question 12

Question 12

True/False

A company has net income of $130,500. Its net sales were $1,740,000 and its average total assets were $2,750,000. Its total asset turnover equals 4.7%.

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