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An analyst has compiled the following 2016 information about Steller Corp. (in millions). Income Statement Data: o Net sales = $600, COGS = $300, SG&A
An analyst has compiled the following 2016 information about Steller Corp. (in millions). Income Statement Data: o Net sales = $600, COGS = $300, SG&A expense = $50, Interest expense = $10, Income taxes = $56 and Net income = $184 Balance Sheet Data: o Beginning and ending total liabilities and equity = $1,125 and $1,275, respectively. Based on the above data, Steller's total asset turnover is: A. 0.50x B. Cannot be determined C.0.47% OD. 0.53x
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