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Asset turnover is the basis used to assess performance in a company. The results are Sales $40,000 Cost of sales $(15,000) Gross profit $25,000 Expenses
Asset turnover is the basis used to assess performance in a company. The results are
Sales $40,000
Cost of sales $(15,000)
Gross profit $25,000
Expenses ($5,000)
Net Profit $20,000
Capital employed 20,000
What is the turnover?
Select One:
a) 0.5
b) 1.25
c) 1
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