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During 2022 , Blossom Corporation reported sales revenue of $5,999,040, sales returns of $231,000 and net income of $1,714,164. Blossom's capital structure at the beginning
During 2022 , Blossom Corporation reported sales revenue of $5,999,040, sales returns of $231,000 and net income of $1,714,164. Blossom's capital structure at the beginning and end of the year was: (a) Your answer is correct. Calculate the asset turnover ratio. (Round answer to 2 decimal places,. e.g. 51.21.) Asset turnover ratio eTextbook and Media List of Accounts Attempts: 3 of 5 used (b) Calculate return on assets. (Round answer to 1 decimal place,. e.g. 51.1.) Return on assets %
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