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Roggers Corp

question 20

Multiple Choice

Roggers Corp.'s beginning and ending total assets in the year 2017 were $19,000,000 and $23,000,000,respectively.Its asset turnover ratio for the year was calculated to be 1.6 times.Calculate the amount of net sales for the year 2017.

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Definitions:

Tax Per Unit

A tax imposed on each unit of a good or service produced or sold, often used by governments to generate revenue or discourage consumption.

Tax

A mandatory monetary contribution or different kinds of charges laid on a taxpayer by government institutions to support government expenses and diverse public costs.

Buyers Pay

The amount of money that purchasers spend to acquire goods or services.

Price

The quantity of money considered, needed, or paid in exchange for something.

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