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10. A total asset turnover ratio of 4.5 indicates that for every $1 in average total assets invested, A. the firm acquired $4.50 in assets

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10. A total asset turnover ratio of 4.5 indicates that for every $1 in average total assets invested, A. the firm acquired $4.50 in assets during the period. B. the firm produced $4.50 in net sales revenue during the period. C. the firm earned gross profit of $4.50 during the period. D. the firm earned net income of $4.50 during the period

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