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Vinil7 [7]
3 years ago
9

A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asse

t turnover of ______ times. A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asset turnover of ______ times.
Business
1 answer:
Troyanec [42]3 years ago
5 0

Answer: 0.6

Explanation:

Sales = $600,000

Cash on hand = $750,000,

Liabilities = $200,000

Total assets = $1 million

The formula for assets turnover is:

= Sales / Assets

where,

Sales = $600,000

Assets = $1,000,000

Therefore, asset turnover = $600,000 / $1,000,000 = 0.6

Therefore, the assets turnover is 0.6

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<h3>What is the trend in dependants?</h3>

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The top reasons for this include more education and increased economic hardship.

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5 0
2 years ago
What best describes the difference between the great leap forward in china and industrialization in europe? workers in the great
sladkih [1.3K]
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3 years ago
Read 2 more answers
Pedro, not a dealer, sold real property that he owned with an adjusted basis of $120,000 and encumbered by a mortgage for $56,00
igomit [66]

Answer:

$64,000

Explanation:

Calculation for the recognized gain to Pedro in 2020

First step is to calculate the Realized gain

Realized gain=($120,000+$12,000+$28,000+$56,000-$120,000)

Realized gain=$96,000

Second step is to calculate the Contract Price

Contract Price=$216,000-$56,000

Contract Price=$160,000

Now let calculate the recognized gain to Pedro in 2020

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Recognized gain=$64,000

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7 0
3 years ago
Which technical review is held during the engineering and manufacturing development phase to assess the final design after the “
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4 0
4 years ago
The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjus
sasho [114]

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7.Unearned expenses/ Service Revenue

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