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firm k has a margin of 14%. turnover of 1.7. and sales of $2,360,000. How do...

firm k has a margin of 14%. turnover of 1.7. and sales of $2,360,000. How do you calculate average total assets

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Answer #1

turnover ratio = Net Revenue/ Average total assets

1.7. =. 2360000/Avg assets

Assets = 2360000/1.7

= $1388235.29

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