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3. Using the following data for Lopez Corporation,compute its asset turnover. SHOW YOUR WORK Renfro, Inc. Net Income 2022 $ 1,200,000 Total Assets 12/31/22 1,875,000

3. Using the following data for Lopez Corporation,compute its asset turnover. SHOW YOUR WORK Renfro, Inc. Net Income 2022 $ 1,200,000 Total Assets 12/31/22 1,875,000 Total Assets 12/31/21 1,325,000

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