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Asset Turnover Company P, Inc. (COPI) operates passenger services throughout the Iceland. The following data (in millions) were adapted from recent financial statements of Company

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Asset Turnover Company P, Inc. (COPI) operates passenger services throughout the Iceland. The following data (in millions) were adapted from recent financial statements of Company P. Year 2 Year 1 Sales $7,657 $6,424 Operating assets (average for year): Property, plant, and equipment 7,890 7,885 1. Compute the asset turnover. Round your answers to two decimal places. Asset Turnover Year 2 Year 1 from 2. Company P Year 1 to Year 2, its asset turnover by trend. This indicates that Company P

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