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During 2021, Coronado Corporation reported net sales of $3050000, net income of $1207000, and depreciation expense of $100600. Coronado also reported beginning total assets of
During 2021, Coronado Corporation reported net sales of $3050000, net income of $1207000, and depreciation expense of $100600. Coronado also reported beginning total assets of $998000, ending total assets of $1502000, plant assets of $800000, and accumulated depreciation of $517000. Coronado's asset turnover is 2.44 times. 3.06 times. 2.03 times. 1.00 times.
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