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Baker Inc Had Reported the Following Details for the Year Ended

Question 46

Multiple Choice

Baker Inc. had reported the following details for the year ended December 31, 2012: Baker Inc. had reported the following details for the year ended December 31, 2012: The company's beginning total assets and liabilities were $14,000,000 and $8,000,000, respectively. Calculate the asset turnover ratio for 2012. A) 1.95 times B) 1.24 times C) 1.44 times D) 1.65 times The company's beginning total assets and liabilities were $14,000,000 and $8,000,000, respectively. Calculate the asset turnover ratio for 2012.


A) 1.95 times
B) 1.24 times
C) 1.44 times
D) 1.65 times

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