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    Business
  3. Study Set
    Financial Accounting Reporting Analysis
  4. Exam
    Exam 12: Financial Statement Analysis and Decision Making
  5. Question
    Complete the Following Statements
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Complete the Following Statements

Question 19

Question 19

Short Answer

Complete the following statements:
-Hansen Company reported profit for the year of $300,000 and profit margin of 25%. If total average assets were $200,000, the asset turnover ratio was ____________ times.

Correct Answer:

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