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    Exam 5: Communicating and Interpreting Accounting Information
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    Marino Company Has Provided the Following Information: Net Sales,$480,000
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Marino Company Has Provided the Following Information: Net Sales,$480,000

Question 32

Question 32

Multiple Choice

Marino Company has provided the following information: Net sales,$480,000
Net income,$24,000
Average total assets,$200,000
-
What is Marino's total asset turnover?


A) 12.0
B) 8.33
C) 0.42
D) 2.4

Correct Answer:

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