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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 and
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) Calculate the asset turnover ratio. (Round answer to 2 decimal places,. e.g. 51.21.) Asset turnover ratio
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