Financial data from an entitys financial statements at December 31, 20x4 and 20x5 is as...
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Accounting
Financial data from an entitys financial statements at December 31, 20x4 and 20x5 is as follows:
|
| Dec 31, 20x5 | Dec 31, 20x4 |
| Total Assets | $5663000 | $5266000 |
| Revenue | 7656000 | 7077000 |
| Net income | 472000 | 433000 |
What is the asset turnover for the year ended December 31, 20x5?
Select one:
a. 1.30
b. 1.40
c. 1.35
d. 0.09
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