Balani, Inc. had net sales of $52,000,000 for the year ended May 31, 2016. Its beginning and ending.

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Balani, Inc. had net sales of $52,000,000 for the year ended May 31, 2016. Its beginning and ending total assets were $53,200,000 and $98,400,000, respectively. Determine Balani s asset turnover ratio for year ended May 31, 2016. View Solution:
Balani Inc had net sales of 52 000 000 for the year