Question
The following data are from annual reports of Jen's Jewelry Company. 2012 2011 2010 Total assets $60,800 $53,700 $40,900 Total liabilities 14,100 11,900 5,300 Total
The following data are from annual reports of Jen's Jewelry Company.
2012 2011 2010
Total assets $60,800 $53,700 $40,900
Total liabilities 14,100 11,900 5,300
Total stockholders' equity 46,700 41,800 35,600
Sales revenue 163,600 150,600 131,900
Net income 50,100 40,200 24,200
Compute Jen's total asset turnover ratio for 2012 and 2011.
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
1260153156, 1260153150, 978-1260153156
