Guest
asked 8 months ago
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Average total assets are calculated in much the same way as you calculate the normal average. To calculate the average total assets for a year, first add the beginning and ending values for average total assets for that year and then divide the resultant value by 2. The beginning value for the year can be taken as the last year’s ending total asset. For example for a two year period, it will be calculated as follows:
Total assets (this year) + total assets (previous year)
2
Here you can change the denominator with the number of periods.
Total assets (this year) + total assets (previous year)
2
Here you can change the denominator with the number of periods.
3
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Good Answer.
This was helpful to try and understand
Guest
answered 8 months ago
Firm E has net income of $75,000, sales of $1,250,000, and ROI of 15%.
Calculate the firm’s turnover and average total assets.
Calculate the firm’s turnover and average total assets.
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Guest
answered 7 months ago
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