During 2022, Paola Corporation reported net sales of $3,500,000 and net income of $1,500,000. Its balance sheet
Question:
During 2022, Paola Corporation reported net sales of $3,500,000 and net income of $1,500,000. Its balance sheet reported average total assets of $1,400,000.
Instructions
Calculate the asset turnover.
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Related Book For
Financial Accounting
ISBN: 9781119594598
11th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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