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A company had average total assets of $975,000. Its gross sales were $1116,000 and its net sales were $920,000. The company's total asset turnover equals:

A company had average total assets of $975,000. Its gross sales were $1116,000 and its net sales were $920,000. The company's total asset turnover equals: Multiple Choice 1.09 0.87 1.06. 1.21 0.94

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