During 2022, Novak Corp. reported net sales of $2500000, net income of $830000, and depreciation...
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During 2022, Novak Corp. reported net sales of $2500000, net income of $830000, and depreciation expense of $110000. Novak also reported beginning total assets of $1170000, ending total assets of $1430000, plant assets of $550000, and accumulated depreciation of $550000. Novak's asset turnover is (Round answer to 2 decimal places, e.g. 15.20.) 1.92 times. 0.82 times. 2.14 times. 1.75 times
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During 2022, Novak Corp. reported net sales of $2500000, net income of $830000, and depreciation expense of $110000. Novak also reported beginning total assets of $1170000, ending total assets of $1430000, plant assets of $550000, and accumulated depreciation of $550000. Novak's asset turnover is (Round answer to 2 decimal places, e.g. 15.20.) 1.92 times. 0.82 times. 2.14 times. 1.75 times 