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Given the financial statements for SW ink above comment on the change an asset turnover the past two years Income Statement 2016 2017 2017 22,010

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Given the financial statements for SW ink above comment on the change an asset turnover the past two years
Income Statement 2016 2017 2017 22,010 23,727 507 Net sales Cost of good sold Depreciation 17,608 17,084 602 1,981 2,136 911 EBIT 2,421 96 4,507 98 2,020 4,938 Interest expense Tax (20%) Net Income 882 6,958 465 1,860 Balance Sheet Assets 2016 Cash and 497 securities Accounts 639 receivable Inventories 852 Total current assets 1,988 Net fixed assets 5,112 Total assets 7,100 Liabilities and Owners' Equity Accounts payable 284 Short-term notes 781 Total current liabilities 1,065 Long-term debt 799 Common stock 1,832 Retained earnings 3,404 Total liabilities and owners' equity 7,100 3,527 262 720 982 811 1,673 3,492 6,958

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