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Hannah Marie Company reported the following asset values in 20X1 and 20X2: 20X2 20X1 Cash $ 45,000 $ 22,000 Accounts receivable 357,000 341,000 Inventory 459,000
Hannah Marie Company reported the following asset values in 20X1 and 20X2:
20X2 20X1
Cash $ 45,000 $ 22,000
Accounts receivable 357,000 341,000
Inventory 459,000 303,000
Land 240,000 175,000
Buildings 580,000 460,000
Equipment 275,000 145,000
In addition, Hannah Marie had sales of $1,850,000 in 20X2. Cost of goods sold for the year was $1,380,000.
Compute Hannah Maries fixed asset turnover ratio for 20X2.
1.43 2.12 7.14 1.97 3.43 |
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