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Given the following information, determine Salem Company's total assets. (3 points) Sales = $10,000,000 Fixed asset turnover = 4 times Current ratio = 2.40 Current

Given the following information, determine Salem Company's total assets. (3 points)

Sales = $10,000,000

Fixed asset turnover = 4 times

Current ratio = 2.40

Current liabilities = $500,000

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