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A company had average total assets of $898,000. Its gross sales were $1,084,000 and its net sales were $1,010,000. The company's total asset turnover is
A company had average total assets of $898,000. Its gross sales were $1,084,000 and its net sales were $1,010,000. The company's total asset turnover is equal to (rounded):
Multiple Choice
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.83
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.89
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1.12
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1.21
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1.07
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