A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000.
Question:
A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000. The company’s total asset turnover is
a. 1.15.
b. 1.10.
c. 0.91.
d. 0.87.
e. 1.05.
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