Multiple Choice
Calculate assets turnover for a car manufacturing company from the following information: Net income = $480,000
Expenses = $120,000
Land and building = $110,000
Cash at bank = $50,000
Inventories = $40,000
A) 2 times
B) 3 times
C) 5 times
D) 4 times
E) 6 times
Correct Answer:
Verified
Correct Answer:
Verified
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