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Thomas Company's Year 1 asset turnover was 2.0. The firm's total assets were $10,000,000 at January 1, Year 1 and $12,400,000 at December 31,
Thomas Company's Year 1 asset turnover was 2.0. The firm's total assets were $10,000,000 at January 1, Year 1 and $12,400,000 at December 31, Year 1. Net sales fo Year 1 were:
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