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The Mount Vernon Company reported gross sales of $880,000, sales returns and allowances of $5,300 and sales discounts of $5,300. The company has total assets of $530,000, of which $265,000 is property, plant, and equipment What is the company's asset turnover ratio? (Round your final answer to 2 decimal places.) Multiple Choice 1.68 times 0.61 times 166 times 164 times