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What would the ppe turnover ratio be

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Reference no: EM132823969

Consider the following information:

Revenue = $900 000
Cost of goods sold = $600 000
Net opening PPE = $700 000
Net closing PPE = $800 000
Total opening PPE = $1 000 000
Total closing PPE = $1 300 000

Problem 1: What would the PPE turnover ratio be?

Option 1: 0.80
Option 2: 0.78
Option 3: 1.20
Option 4: 0.52

Reference no: EM132823969

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