Deflorio Corporations inventory at the end of Year 2 was $160,000 and its inventory at...
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Deflorio Corporations inventory at the end of Year 2 was $160,000 and its inventory at the end of Year 1 was $145,000. The companys total assets at the end of Year 2 were $1,436,000 and its total assets at the end of Year 1 were $1,400,000. Sales amounted to $1,380,000 in Year 2. The companys total asset turnover for Year 2 is closest to:
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