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Could you please solve the rate of Turnover? Thank you! Financial data for Redstone Company for last year appear below: Redstone Company Statements of Financial

image text in transcribedimage text in transcribedCould you please solve the rate of Turnover?

Thank you!

Financial data for Redstone Company for last year appear below: Redstone Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Balsam Company Land (undeveloped) $ 303,000 $ 337,392 217,000 238,000 407,000 308,000 280,000 169,000 242,000 481,000 256,000 280,000 Total assets $1,731,000 $1,787,392 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity $ 171,000 $ 188,000 810,000 789,392 810,000 750,000 Total liabilities and owners' equity $1,731,000 $1,787,392

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