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Inventory 72,625 Accumulated Depletion 72,625 $400,000 + $100,000 + $75,000 – $160,000 = $103.75 per ton 4,000 700 X $103.75 = $72,625 BRIEF EXERCISE 11-10. Asset turnover ratio: $7,109 = 1.104 … ................
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