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Grove Company's 2019 Asset Turnover Was 3

Question 65

Multiple Choice

Grove Company's 2019 asset turnover was 3.0. The firm's total assets were $8,750,000 at January 1, 2019 and $9,300,000 at December 31, 2019.
Net sales for 2019 were:


A) $26,286,000
B) $ 4,436,445
C) $22,460,000
D) $27,075,000

Correct Answer:

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