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QUESTION 19 During 2017. Sanchez Corp. had net sales of $16,400,000. The beginning total assets were $8,900,000. The asset tu
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Answer #1
Assets turnover = net sales/average inventory
1.7 = 16,400,000/x
x = 9647058.82
average assets = (opening + ending)/2
9647059 = (8,900,000+x)/2
x= (9647059*2)-8,900,000
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