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Business, 20.02.2020 20:11 NickCamryn5472

The following information was taken from the financial statements of Lea Corporation for December 31, Year 2 and Year 1: Year 2 total sales: $5,000,000 . Year 2 total assets: $450,000-beginning balance, $600,000- ending balance Year 1 total sales: $3,500,000 . Year 1 total assets: $565,000-beginning balance, $450,000- ending balance The ratio of sales to assets for Year 2 and Year 1 is a. Year 2, 9.52; Year 1, 6.90 b. Year 2, 11.12; Year 1, 6.90 c. Year 2, 9.52; Year 1, 7.80 d. None of these choices are correct

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The following information was taken from the financial statements of Lea Corporation for December 31...
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