
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Subject: general accounting

Transcribed Image Text:During 2022, Rousseau Industries
reported net sales of $4,200,000,
net income of $950,000, and
depreciation expense of $150,000.
Rousseau
also
beginning total
reported
assets
of
$1,600,000 and ending total assets
of $2,000,000. What is Rousseau's
asset turnover?
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