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Calculate the asset turnover ratio

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Reference no: EM132780942

Question - ?Pizza, Inc. provides the following? data:

2025 2024

Assets

Current? Assets:

Cash and Cash Equivalents $30,000 ?$25,000

Accounts? Receivable, Net 34,000 ?62,000

Merchandise Inventory 55,000 ?50,000

Total Current Assets $119,000 ?137,000

?Property, Plant, and? Equipment, Net $126,000 ?120,000

Total Assets $245,000 $257,000

For the year ending December? 31, 2025:

Net Credit Sales $530,000

Cost of Goods Sold ?(160,000?)

Gross Profit $370,000

Required - Calculate the asset turnover ratio for 2025. There are no cash sales.

Reference no: EM132780942

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