Ramsey automotive ltd had sales of 2000000 and net, Ask an Expert

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Ramsey Automotive Ltd. had sales of $2,000,000 and net operating income of $600,000 last year. Operating assets last year averaged $1,000,000. The company's manager is considering the purchase of a new machine which is expected to increase average operating assets by 6%.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977036

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