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Question: Determine the dollar amount of total assets for a venture with the following financial information: revenues = $750,000; net profit = $70,000; and asset turnover = 2.50 times.
a. $140,000
b. $250,000
c. $300,000
d. $500,000
e. $1,000,000
What analysis best considers the economic relationships among account balances?
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