In its 2003 annual report McDonald's Corporation reported beginning total assets of $24.0 billion; ending total assets
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In its 2003 annual report McDonald's Corporation reported beginning total assets of
$24.0 billion; ending total assets of $25.5 billion; property, plant, and equipment (at cost) of
$31.4 billion; and net sales of $17.1 billion. Compute McDonald"s asset turnover ratio.
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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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