ABC Limited has a net income of $40,000,000 and a profit margin of 10%. Total asset turnover
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ABC Limited has a net income of $40,000,000 and a profit margin of 10%. Total asset turnover is 25% and the current ratio is 3, while the amount of current liabilities is $72,000,000. Calculate the amount of fixed assets. Show your work.
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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