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Calculate the asset turnover ratio for hilldale company

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Reference no: EM132935117

Problem 1: On January? 1, 2023, Hilldale Company had total assets of $364,000. During the? year, the company purchased new machinery worth $89,000 and promised to pay the amount due after two years. Throughout the? year, it earned revenue of $53,000 every month. Calculate the asset turnover ratio. ?(Round your answer to two decimal? places.)

Reference no: EM132935117

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