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A total asset turnover of 3 means that every Select one: a. $1 in sales is supported by $3 in assets. b. $1 in assets

A total asset turnover of 3 means that every

Select one:

a. $1 in sales is supported by $3 in assets.

b. $1 in assets produces $3 in sales.

c. total assets are replaced every 3 years.

d. $3 in assets produces $1 in net earnings.

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