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Markowitz Company reported the following data: 2010 2011 Sales $2,000,000 $2,600,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end
Markowitz Company reported the following data: 2010 2011 Sales $2,000,000 $2,600,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end 1,100,000 1,500,000 What is Markowitzs asset turnover for 2011? a. 1.04 b. 1.07 c. 1.21 d. 1.44
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
