Business, 02.06.2021 09:40, callieroberts7603

ABC Company sales last year were 454, 000 , and its yearend total assets were 798000. The average in the industry has a total assets tumover ratio of 7 ABCCompany's new CFO believes the has excess assets that can be sold so as to bring the down total assets turnover ratio to the industry average without affecting sales By how much must the assets be reduced to bring the total assets tumover ratio to the industry average holding sales constant? Note: In writing your answer, using the comma In separating the digits, and round your answer to the nearest dollar. Answer?

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ABC Company sales last year were 454, 000 , and its yearend total assets were 798000. The average in...