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A company had average total assets of $898,000. Its gross sales were $1,084,000 and its...

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Accounting

A company had average total assets of $898,000. Its gross sales were $1,084,000 and its net sales were $1,010,000. The company's total asset turnover is equal to (rounded):

Multiple Choice

  • .83

  • .89

  • 1.12

  • 1.21

  • 1.07

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