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For 2022, Sale Company reported beginning total assets of $ 300,000 and ending total assets...

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Accounting

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For 2022, Sale Company reported beginning total assets of $ 300,000 and ending total assets of $ 340,000. Its net income for this period was $ 50,000, and its net sales were $ 400,000. Compute the company's asset turnover and return on assets for 2022. (Round answers to 2 decimal places, e.g. 52.75.) Asset turnover times Return on assets %

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