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The company's total equity increased by $32,000 during 2011. New stockholder investment during the year totaled $65,000. Total revenues during the year were $500,000 and total expenses were $460,000. Cash on decreased by $7,500 during the year. What amount of dividends did the company declare...
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Net Income $765 Net Sales $36,762 Profit Margin 2.1% Net Sales $36,762 Average Total Assets ($15,719 + $16,078) divided by 2 = $15,898.5 Asset Turnover 2.3 times Net Income $765 Average Total Assets (from... View more questions Search
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