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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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-0078025365
