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Jim Kovacs Company makes supplles for schools. Sales in 20X were $4,460,000. Assets were as follows: a. Compute the following: (Round the flnal answers to
Jim Kovacs Company makes supplles for schools. Sales in 20X were $4,460,000. Assets were as follows: a. Compute the following: (Round the flnal answers to 2 decimal places.) b. In 20Y, sales Increased to $5,770,000 and the assets for that year were as follows: Compute the following: (Round the final answers to 2 decimal places.) c. Indicate if there is an improvement or decline In total asset turnover. Decline Improvement
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