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Jim Short's Company makes clothing for schools. Sales in 201 were $4,880,000. Assets were as follows: a. Compute the following: Note: Round your answers to
Jim Short's Company makes clothing for schools. Sales in 201 were $4,880,000. Assets were as follows: a. Compute the following: Note: Round your answers to 2 decimal places. b. In 202, sales increased to $5,470,000 and the assets for that year were as follows: Compute the following: Note: Round your answers to 2 decimal places. c. Is there an improvement or a decline in the total asset turnover? Decline Improvement
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