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Guttery Corporation Has Provided the Following Financial Data from Its

Question 193

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet: Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's total asset turnover for Year 2 is closest to: A) 1.17 B) 11.04 C) 0.09 D) 0.85 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's total asset turnover for Year 2 is closest to:


A) 1.17
B) 11.04
C) 0.09
D) 0.85

Correct Answer:

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