During 2 0 2 2 , Bramble Corporation reported net sales of $ 4 , 0 6

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Question:

During

2022,

Bramble Corporation reported net sales of $

4, 067, 000

and net income of $

1, 540, 000 .

Its balance sheet reported average total assets of $

1, 660, 000 .

Calculate the asset turnover.

(

Round answer to

2

decimal places, e

.

. 1.25 .)

Related Book For answer-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

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

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Posted Date: Apr 30, 2024 08:13 AM

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During 2 0 2 2 , Bramble Corporation reported net sales of $ 4 , 0 6

Question:

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To calculate the asset turnover you divide the net sales by the ... View the full answer

Horngrens Financial and Managerial Accounting

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