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During 2022, Martinez Corp. reported net sales of $2850000, net income of $830000, and depreciation expense of $130000. Martinez also reported beginning total assets of
During 2022, Martinez Corp. reported net sales of $2850000, net income of $830000, and depreciation expense of $130000. Martinez also reported beginning total assets of $1160000, ending total assets of $1410000, plant assets of $510000, and accumulated depreciation of $650000. Martinez's asset turnover is (Round answer to 2 decimal places, e.g. 15.20.) O 0.85 times. O 2.46 times. O 2.02 times. O 2.22 times.
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