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answer the m/c Minden Co. has current assets of $180,000 (cash, $20,000; accounts receivable, $70,000; inventory, $90,000), and long-term assets that had cost $400,000, with
answer the m/c
Minden Co. has current assets of $180,000 (cash, $20,000; accounts receivable, $70,000; inventory, $90,000), and long-term assets that had cost $400,000, with amortization to date of $180,000. Sales were $500,000, and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000. Minden Co.'s total asset turnover ratio is: O 1.5 times O 3.3 times O 1.25 times 1 time O 2.3 timesStep by Step Solution
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