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At the End of 2014,Stacky Corp

Question 5

Multiple Choice

At the end of 2014,Stacky Corp.had $500,000 in liabilities and a debt-to-assets ratio of 0.5.For 2014 Stacky had an asset turnover of 3.0.What were annual sales for Stacky in 2014?


A) $333,333
B) $1,200,000
C) $1,800,000
D) $3,000,000

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