Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN: 9781305961883
Author: Carl Warren
Publisher: Cengage Learning
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Question

General accounting question

The following information is available for Alpine Manufacturing for the current year: . Operating income: $120,000 Average total assets: $800,000 Net sales: $1,200,000 Required rate of return: 12% Calculate the asset turnover. A) 1.25 times B) 1.50 times C) 1.75 times D) 2.00 times
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Transcribed Image Text:The following information is available for Alpine Manufacturing for the current year: . Operating income: $120,000 Average total assets: $800,000 Net sales: $1,200,000 Required rate of return: 12% Calculate the asset turnover. A) 1.25 times B) 1.50 times C) 1.75 times D) 2.00 times
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