Solution-Determine the asset turnover

Determine the asset turnover

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Question - Sales were $2,000,000, Sales Return $350,000, Sales Discount $150,000 and profit was $250,000 in the second year of operation for Tirekicker's Used Car Company. Total assets in the first year were $800,000 and in the second year $1,200,000. Determine the asset turnover and the return on assets for Tirekicker's Used Car Company.

Reference no: EM133053698

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Determine the asset turnover

Reference no: EM133053698

Reference no: EM133053698

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