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If a company has total assets of S45,000 at the beginning of the year and total assets of $21,000 at the end of the year sales of $39, 500, what is total asset turnover? 1.20 rounded 1.57 rounded 46% rounded 64% rounded A transaction that affects only the balance sheet when company pays it's bill and makes a sale when managers are paid when a company borrows money and makes a sale when owners are paid Which of the following is considered a source document that would be recorded as a business transaction. An email from a current supplier with an invoice attached A quote from a potential supplier When services are r on account, what is the effect? Accounts payable increases and retained earnings decreases. Both accounts receivable and retained earnings increase Both cash and retained earnings decrease. Both cash and retained earnings increase. If a company's EPS (Earnings per Share) is $15 and its Income available for common stockholders is $219,000, The weighted-average number of common shares outstanding is S14, 450 True False