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In its closing financial statements for its first year in business, the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory

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In its closing financial statements for its first year in business, the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of S3,408, accounts payable of $700, short-term notes payable of $740, long-term liabilities of $ 1,1 00, common stock of $ 1,1 60, retained earnings of S1,620, net sales of S2,768, cost of goods sold of $1,210 depreciation of S360, interest expense of $160, taxes of $312, addition to retained earnings of S508, and dividends paid of $218. 27. What is Runs and Goses' sales to total asset ratio? a. 1.91 b. 0.25 c. 0.52 d. 0.23 e. 0.57

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