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Beer Brothers Inc. forecasts that its year-end assets will be $3,000, its sales will be $3,500, its operating costs will be $2,650, its interest charges
Beer Brothers Inc. forecasts that its year-end assets will be $3,000, its sales will be $3,500, its operating costs will be $2,650, its interest charges will be $100, and its tax rate will be 40%. Its total current liabilities are $250 consisting of $60 of accruals and $190 of notes payable. Its long-term debt is $950. Beer's capital structure consists of only debt and common equity. What is Beer's forecasted total assets turnover? a. 1.17 b. 1.29 c. 1.42 d. 1.56 e. 1.71
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