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4 - Let us consider a business that has initially reported to have an asset worth $200,000 at the beginning of the year. After the
4 - Let us consider a business that has initially reported to have an asset worth $200,000 at the beginning of the year. After the passage of a year, the same company reported assets worth $180,000 in the year where the assets were utilized to generate sales or revenue. During the same period, the sales of the company were estimated to be at $ 350,000 which also had a sales return of $10,000 and a sales allowance figure stood at $20,000. In this case calculate the asset turnover ratio of the company
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