Determine the asset turnover and the return on assets

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Reference no: EM133327386

Quesiton: Net sales were $1,000,000 and net income was $100,000 in second year of operation for Juan's Used Furniture Shop. Total assets in the first year were $200,000 and in the second year $3,000,000.

Determine the Asset Turnover and the Return on Assets for Juan's Used Furniture Shop.

Show all calculations.

Reference no: EM133327386

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