Sales to assets A company reports the following: Sales $1,800,000 Average total assets (excluding long term investments) 1,125,000 Determine the ratio of sales to assets.
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Financial & Managerial Accounting
13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
BuyFindarrow_forward
Financial & Managerial Accounting
13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
Solutions
Chapter
Section
Chapter 15, Problem 15.8APE
Textbook Problem
Sales to assets
A company reports the following:
| Sales | $1,800,000 |
| Average total assets (excluding long term investments) | 1,125,000 |
Determine the ratio of sales to assets.
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Chapter 15 Solutions
Financial & Managerial Accounting
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