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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Torsten Had Total Assets of $149,501,000, Net Income of $6,242,000
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Torsten Had Total Assets of $149,501,000, Net Income of $6,242,000

Question 177

Question 177

True/False

Torsten had total assets of $149,501,000, net income of $6,242,000, and net sales of $209,203,000. Its profit margin was 2.98%.

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