rrusche
Dec 13, 2007, 07:55 AM
Johnstone Company had the following: Sales--$3,800,000; Interest expense--$250,000; Net income--$500,000; Total assets--$5,000,000; Noninterest-bearing current liabilities--$400,000; Cost of capital--14%; Tax rate--30%. What is the companys turnover?
The ration i did of sales dived my income was wrong
The ration i did of sales dived my income was wrong





