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Burdick Corporation Has Provided the Following Financial Data from Its

Question 287

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Burdick Corporation has provided the following financial data from its balance sheet: Burdick Corporation has provided the following financial data from its balance sheet: Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's total asset turnover for Year 2 is closest to: A) 0.99 B) 0.19 C) 5.32 D) 1.01 Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's total asset turnover for Year 2 is closest to:


A) 0.99
B) 0.19
C) 5.32
D) 1.01

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