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A company had average total assets of $945,000. Its gross sales were $1,104,000 and its net sales were $950,000. The company's total asset turnover equals:

A company had average total assets of $945,000. Its gross sales were $1,104,000 and its net sales were $950,000. The company's total asset turnover equals: Multiple Choice 0.99 0.86 1.21. 1.01. 1.16

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