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7 . 7 Augusta Catering had net income of $ 1 1 . 4 4 million and net revenue of $ 8 8 million in

7.7 Augusta Catering had net income of $11.44 million and net revenue of $88 million in 2008.
Calculate profitabil Its assets were $14 million at the beginning of the year and $18 million at the end of the year. (SO 5) What were (a) Augusta's asset turnover and (b) profit margin for 2006?
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