Question
Priority Workforce reported the following results for its latest fiscal year-end: Sales $6,300,000 Variable expenses $3,890,000 Contribution margin $2,410,000 Fixed expenses $2,032,000 Net operating income
Priority Workforce reported the following results for its latest fiscal year-end:
Sales $6,300,000
Variable expenses $3,890,000
Contribution margin $2,410,000
Fixed expenses $2,032,000
Net operating income $378,000
Average operating assets $3,000,000
What was last years asset turnover for Priority Workforce?
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Financial Accounting Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
11th Edition
0324222971, 978-0324222975
