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Q1) Compute total asset turnover based on information given.  Make sure to illustrate all work.

Cash..................................... $1,000

Marketable Securities............ $20,000

Equipment.............................. $30,000

Accounts Payable................. $7,000

Common Stock....................... $5,000

Revenue................................. $35,000

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  • Category:- Accounting Basics
  • Reference No.:- M916998

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