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You have obtained the following information for Rides by Ronak. The tax rate is 34 percent. Cash $ 2,200 Net fixed assets 5,090 Accrued expenses
You have obtained the following information for Rides by Ronak. The tax rate is 34 percent. Cash $ 2,200 Net fixed assets 5,090 Accrued expenses 150 Inventory 1,600 Long-term debt 5,130 Sales 9,700 Costs 5,600 Accounts payable 750 Depreciation 450 Interest paid 470 Accounts receivable 4,200 Dividends paid 400 What is the total asset turnover? Multiple Choice .52 times .16 times .26 times .74 times .28 times
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