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Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)? a. 2.26 b. 2.04

Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)?

a. 2.26
b. 2.04
c. 2.38
d. 2.49
e. 2.14

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