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Exercise 10-22 Evaluating efficient use of assets Joy Co. reports net sales of $4,862,000 for 2010 and $7,542,000 for 2011. End-of-year balances for total assets

Exercise 10-22 Evaluating efficient use of assets Joy Co. reports net sales of $4,862,000 for 2010 and $7,542,000 for 2011. End-of-year balances for total assets are 2009, $1,586,000; 2010, $1,700,000...

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