Company sales last year were 641,000, and its year-end total assets were 710,000. The average...
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Company sales last year were 641,000, and its year-end total assets were 710,000. The average firm in the industry a total assets turnover ratio of 9 ABCnew CEO believes the firm has excess assets that can be sold so as to bring the down total assets turnover ratio to the industry average without affecting sales By how muchy must the assets be reduced to bring the total assets tumover ratio to the industry average , holding sales constant?
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