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During 2014 the company had total sales revenue of 930

Question - On January 1, 2014, a company has assets of $15.70 billion and stockholders' equity of $8.30 billion. On January 1, 2015, the same company has assets of $19.70 billion and stockholders' equity of $9.30 billion. During 2014, the company had total sales revenue of $9.30 billion and total expenses of $6.70 billion. Determine the company's asset turnover ratio for 2014?

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Accounting Basics: During 2014 the company had total sales revenue of 930

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Accounting Basics: During 2014 the company had total sales revenue of 930

Reference No:- TGS02807756

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