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3.) The asset turnover for a company is 1.4. If the company uses cash to retire notes payable due within one year, would this transaction
3.) The asset turnover for a company is 1.4. If the company uses cash to retire notes payable due within one year, would this transaction increase or decrease the asset turnover ratio (ATO)? A.) The asset turnover ratio would decrease B.) The asset turnover ratio would increase C.) The asset turnover ratio would be the same and/or there is no effect
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