Green penguin pencil company has a total asset turnover ratio of 3.50x, net annual sales of $25 million, and operating expenses of $11.25 million (including depreciation and amortization). on its current balance sheet and income statement, respectively, it reported total debt of $1.75 million, on which it pays 11% interest on its outstanding debt.
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Green penguin pencil company has a total asset turnover ratio of 3.50x, net annual sales of $25 mill...
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