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bonner's corporation sales last year was $415,000 and its year end total assets were $355,000. The average firm in the industry has a TATO of

bonner's corporation sales last year was $415,000 and its year end total assets were $355,000. The average firm in the industry has a TATO of 2.4. Bonner's new CFO believes the firm has excess assets that could be sold so as to bring the TATO down to industry average without affecting sales. By how much must the assets be reduced to bring the TATO to the industry average holding sales constant?

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