The following data are for Cosmo Corp: Accounts Receivable ...
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Accounting
The following data are for Cosmo Corp:
| Accounts Receivable | 5,000 |
| Advertising Expense | 1,600 |
| Cash | 500 |
| Cost of Goods Sold | 6,000 |
| Inventory | 3,000 |
| Plant Assets | 12,000 |
| Research Expense | 2,000 |
| Sales | 20,000 |
| Total Equity | 7,500 |
| Total Liabilities | 13,000 |
| Salaries and Wages Expense | 10,000 |
14) Compute Asset Turnover:
a) 1.67
b) 1.11
c) 0.98
d) 2.67
e) 1.54
Explain answer in details please
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