Blackerby Photo reported the following figures on its December 31, 2014, income statement and balance sheet: Compute

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Blackerby Photo reported the following figures on its December 31, 2014, income statement and balance sheet:


Blackerby Photo reported the following figures on its December 31,


Compute the asset turnover ratio for2014.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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