Exhibit 3.1
The balance sheet and income statement shown below are for Pettijohn Inc.Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

-Refer to Exhibit 3.1.What is the firm's total assets turnover?
A) 0.90
B) 1.12
C) 1.40
D) 1.68
E) 2.02
Correct Answer:
Verified
Q88: Exhibit 3.1
The balance sheet and income statement
Q89: Exhibit 3.1
The balance sheet and income statement
Q90: Last year Rosenberg Corp.had $195, 000 of
Q91: Exhibit 3.1
The balance sheet and income statement
Q92: Exhibit 3.1
The balance sheet and income statement
Q94: Exhibit 3.1
The balance sheet and income statement
Q95: Exhibit 3.1
The balance sheet and income statement
Q96: Exhibit 3.1
The balance sheet and income statement
Q97: Exhibit 3.1
The balance sheet and income statement
Q98: Exhibit 3.1
The balance sheet and income statement
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