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A company reports the following: Sales [ begin{array}{r} $ 968,500 745,000 end{array} ] Average total assets (excluding long-term investments) Determine the asset turnover ratio.

A company reports the following: Sales \\[ \\begin{array}{r} \\$ 968,500 \\\\ 745,000 \\end{array} \\] Average total assets (excluding long-term investments) Determine the asset turnover ratio. If required, round your answer to one decimal place

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