The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end

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The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2010 and 2011, respectively. The fixed-asset turnover ratio for 2011 was 3.25. Calculate Pinewood's net sales for 2011.

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Jul 02, 2013 06:03 AM

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The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end

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Average PPE for 2011 740000 940000 2 ...View the full answer

Intermediate Accounting

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