The following data are from annual reports of Jen's Jewelry Company.

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2012 2011 2010

Total assets $60,800 $53,700 $40,900

Total liabilities 14,100 11,900 5,300

Total stockholders' equity 46,700 41,800 35,600

Sales revenue 163,600 150,600 131,900

Net income 50,100 40,200 24,200

Compute Jen's total asset turnover ratio for 2012 and 2011.

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Financial Accounting

ISBN: 978-0073526881

6th Edition

Authors: Libby, Short

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Posted Date: Nov 16, 2023 06:22 AM

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The following data are from annual reports of Jen's Jewelry Company.

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2012 Calculate average total assets 53700 60800 2 57250 Calcu... View the full answer

Financial Accounting

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