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13.Barker, Inc. had reported the following details for the year ended December31, 2019: Net sales $25,950,000 Total assets 17,800,000 Total liabilities 11,200,000 Thecompany's beginning total

13.Barker, Inc. had reported the following details for the year ended December31, 2019:

Net sales $25,950,000

Total assets 17,800,000

Total liabilities 11,200,000

Thecompany's beginning total assets and liabilities were $15,300,000 and $9,100,000, respectively. Calculate the asset turnover ratio for 2019.(Round your answer to two decimalplaces.)

A.

2.23 times

B.

1.2 times

C.

1.65 times

D.

1.57 times

14.Industrial Equipment Supply is a new business. During its first year ofoperations, credit sales were $45,000 and collections of credit sales were $34,000. Oneaccount, $700, was written off. Management uses the agingofreceivables method to account for bad debts expense and estimated $575 as uncollectible at year end. The ending balance of the Allowance for Bad Debts is________.

A.

$1,350

B.

$1,275

C.

$575

D.

$ 650

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