Prepare a classified balance sheet with a proper heading

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1. Prepare a classified balance sheet with a proper heading on a spreadsheet. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.

2. Compute the total asset turnover rate assuming that total revenues in 2012 were $682,500. Round to the nearest hundredth, e.g. 3.33.

3. Assume that Alleg's primary competitor has an asset turnover of 2.12. What does this tell you about Alleg's asset management?

Reference no: EM13858322

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