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Campbell Company has net sales revenue of $ 1 , 0 0 0 , 0 0 0 , cost of goods sold of $ 6

Campbell Company has net sales revenue of $1,000,000, cost of goods sold of $680,000, and all other expenses of $232,000. The beginning balance of stockholders' equity is $320,000 and the beginning balance of fixed assets is $288,800. The ending balance of stockholders' equity is $480,000 and the ending balance of fixed assets is $311,200. The fixed asset turnover ratio is closest to

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