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Collins Corporation had sales of $100,000, year-end receivables of $12,000, inventories of $21,500, and total assets of $75,000. It uses a 365-day year for ratio
Collins Corporation had sales of $100,000, year-end receivables of $12,000, inventories of $21,500, and total assets of $75,000. It uses a 365-day year for ratio calculations. What was Collins' total assets turnover ratio?
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