Question: Dandy Hardware Stores reported the following asset values in 2010 and 2011: In addition, Dandy Hardware had sales of $3,500,000 in 2011. Cost of goods

Dandy Hardware Stores reported the following asset values in 2010 and 2011:

In addition, Dandy Hardware had sales of $3,500,000 in 2011. Cost of goods sold for the year was $2,200,000. Compute Dandy Hardware€™s fixed asset turnover ratio for2011.

2011 2010 $ 40.000 380,000 590,000 150,000 500.000 260,000 Cash Inventory Land Buildings Equipment $25.000 330,000 410,000 25,000 450,000 250.000

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