Answered: Mechforce Manufacturing's net Income…

Mechforce Manufacturing's net Income was $580,000 on sales of $18 million. Average assets for the year were $12 million, Turnover for the year was Multiple Choice O 14 O O 4.2% 3% 1.5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please help me to compute turnover for the year was....show calculation

Mechforce Manufacturing's net Income was $580,000 on sales of $18 million. Average assets for the year were $12 million. Turnover for the year was
Multiple Choice
O 14
4.2%
3%
1.5

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