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Using the following data for Smith Company, Inc., compute its asset turnover ... what does this mean? Smith Company, Inc. Net income 2015 $2,125,000 Total
Using the following data for Smith Company, Inc., compute its asset turnover... what does this mean?
Smith Company, Inc.
| Net income 2015 | $2,125,000 |
| Total assets 12/31/15 | $2,443,000 |
| Total assets 12/31/14 | $1,880,000 |
| Net sales 2015 | $2,135,000 |
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GAO Financial Audit Manual Volume 3 June 2018
Authors: United States Government GAO
2018 Edition
979-8733166001
