At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a) If

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At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets.
(a) If WFL's total assets turnover was 2.0, what were its sales revenues?
(b) If WFL's return on asset was 6 percent, what were its net income and net profit margin?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Nov 03, 2017 03:26 AM

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At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a) If

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a Total Assets 150000 WFLs total assets turnover 20 Sales revenues As we know assets turno...View the full answer

Income Tax Fundamentals 2013

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