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Barker, Inc. had reported the following details for the year ended December 31, 2025: Net sales Total assets Total liabilities $26,450,000 16,600,000 10,400,000 The
Barker, Inc. had reported the following details for the year ended December 31, 2025: Net sales Total assets Total liabilities $26,450,000 16,600,000 10,400,000 The company's beginning total assets and liabilities were $15,200,000 and $8,000,000, respectively. Calculate the asset turnover ratio for 2025. (Round your answer to two decimal places.) C O A. 1.97 times OB. 1.45 times O C. 1.66 times O D. 1.28 times
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
18th edition
125969240X, 978-1259692406
