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heck my work mode: This shows what is correct or incorrect for the work you have completed so far. It do For Year Ended
heck my work mode: This shows what is correct or incorrect for the work you have completed so far. It do For Year Ended December 31 Sales Cost of goods sold Interest expense Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 745,000 $ 454,450 230,950 11,200 9,450 1 Year Ago $ 403,200 151,200 $ 630,000 706,050 $ 38,950 $ 2.40 13,000 8,700 576,100 $ 53,900 $ 3.33 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Compute total asset turnover for the current year and one year ago. Answer is complete but not entirely correct. Total Asset Turnover Numerator: Denominator: == Net sales Average total assets Total Asset Turnover Total asset turnover
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