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Compute the sheffield asset turnover

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Question - During 2021, Sheffield Corporation reported net sales of $2700000, net income of $1215000, and depreciation expense of $99400. Sheffield also reported beginning total assets of $1006000, ending total assets of $1494000, plant assets of $802000, and accumulated depreciation of $513000. Compute the Sheffield's asset turnover?

a. 2.16 times.

b. 1.81 times.

c. 2.68 times.

d. 0.72 times.

Reference no: EM132758558

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