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Assume that total assets at the beginning of 2019 is $22,536 million. Compute the asset turnover rate for 2020 and 2019. Round to two decimal

Assume that total assets at the beginning of 2019 is $22,536 million.

  1. Compute the asset turnover rate for 2020 and 2019. Round to two decimal places.

2. Interpret the change in the asset turnover ratio from 2019 to 2020.

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