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-What Is Megaframe Computer's Total Asset Turnover?
A) 3

question 54

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    \begin{array}{l} \text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\ \begin{array} { l r }  \text { Accounts payable } & \$ 60,000 \\ \text { Accrued expenses } & 40,000 \\ \text { Long-term debt } & 130,000 \\ \text { Common stock } & 80,000 \\ \text { Retained earnings } & \underline { 100,000 } \\ \text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 } \end{array} \end{array}    -What is Megaframe Computer's total asset turnover? A)  3.68x. B)  3.18x. C)  2.00x. D)  1.71x.
 LIABILITIES AND SHAREHOLDERS’ EQUITY  Accounts payable $60,000 Accrued expenses 40,000 Long-term debt 130,000 Common stock 80,000 Retained earnings 100,000 Total Liabilities and Shareholders’ Equity $410,000\begin{array}{l}\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\\begin{array} { l r } \text { Accounts payable } & \$ 60,000 \\\text { Accrued expenses } & 40,000 \\\text { Long-term debt } & 130,000 \\\text { Common stock } & 80,000 \\\text { Retained earnings } & \underline { 100,000 } \\\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }\end{array}\end{array}
    \begin{array}{l} \text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\ \begin{array} { l r }  \text { Accounts payable } & \$ 60,000 \\ \text { Accrued expenses } & 40,000 \\ \text { Long-term debt } & 130,000 \\ \text { Common stock } & 80,000 \\ \text { Retained earnings } & \underline { 100,000 } \\ \text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 } \end{array} \end{array}    -What is Megaframe Computer's total asset turnover? A)  3.68x. B)  3.18x. C)  2.00x. D)  1.71x.
-What is Megaframe Computer's total asset turnover?


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