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    Accounting Study Set 1
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    Exam 10: Plant Assets,natural Resources,and Intangibles
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    The Asset Turnover Ratio Is Calculated by Dividing Cost of Goods
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The Asset Turnover Ratio Is Calculated by Dividing Cost of Goods

Question 41

Question 41

True/False

The asset turnover ratio is calculated by dividing cost of goods sold by average total assets.

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