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The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at...

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Accounting

The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2020 and 2021, respectively. The fixed-asset turnover ratio for 2021 was 3.25. Calculate Pinewoods net sales for 2021.

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\table[[Account,Company X,Company Y,Company Z],[Cost of goods sold,$1,980,000,$4,338,000,$3,234,000

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