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Photo Buy Photo reported the following figures on its December 31, 2024, income statement and balance sheet Click the icon to view the figures.) Compute
Photo Buy Photo reported the following figures on its December 31, 2024, income statement and balance sheet Click the icon to view the figures.) Compute the asset turnover ratio for 2024. Round to two decimal places Average total assets - Asset turnover ratio Net sales 470,000 . Data Table Net sales $ GA 470,000 Dec. 31, 2024 Dec. 31, 2023 Cash $ 33,000 $ 56,000 Accounts Receivable 26,000 74,000 69,000 Merchandise Inventory 70,000 13.000 6,000 Prepaid Expenses Property, Plant, and Equipment, net 180,000 12,000 Print Done
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