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Also what is the fixed asset turnover for the firm as well? Consider the following balance sheet for Go The Distance Trading Cards. Sales were
Also what is the fixed asset turnover for the firm as well?
Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,111,568.00 in the past year Go The Distance Trading Cards Balance Sheet, 2013 Amount Account Assets Current Assets Net fixed Assets (Net PPE) TOTAL ASSETS Liabilities and Shareholder Equity Current Liabilities Long-term liabilities (Long term debt) TOTAL LIABILITIES Shareholder equity TOTAL LIABILITIES AND EQUITY S75,000 $225,000 S300,000 $50,000 S100,000 $150,000 $150,000 S300,000 What is the total asset turnover for this firm? Answer Format: Number: Round to: 2 decimal placesStep by Step Solution
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