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Accounting I11) WE THE BEST Inc. has net sales revenue of $1,360,000, cost of goods sold of$761,100, and all other expenses of $301,000. The beginning
Accounting I11) WE THE BEST Inc. has net sales revenue of $1,360,000, cost of goods sold of$761,100, and all other expenses of $301,000. The beginning balance of stockholders'equity is $411,000 and the beginning balance of fixed assets is $372,000. The endingbalance of stockholders' equity is $611,000 and the ending balance of fixed assets is$400,000. The fixed asset turnover ratio is closest to:O 0.543.521.23O 1.71
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