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During 2022. Pharoah Company reported net sales of $4,608,000 and net income of $1,540,000. Its balance sheet reported average total assets of $1,440,000. Calculate the

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During 2022. Pharoah Company reported net sales of $4,608,000 and net income of $1,540,000. Its balance sheet reported average total assets of $1,440,000. Calculate the asset turnover. (Round answer to 2 decimal places, eg. 1.25.) Asset turnover times

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