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A firm only has current assets and fixed assets. Its current assets are $100,000 and total assets are $300,000. The firm's sales are $900,000. The firm's fixed asset turnover is
Corporation
A legal entity created by individuals, shareholders, or shareholders, with rights and liabilities distinct from those of its members, recognized as such under law.
Partnership
A business setup legally established by two or more partners who divide management duties and profits.
Consumer Cooperative
A type of cooperative that is owned and operated by its members, with the aim of reducing costs and/or improving the quality of goods and services.
Farm Cooperative
A group of farmers who pool their resources in certain areas of activity, aiming to increase their economic power and secure their livelihoods.
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