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Flagship Logistics provides the followinginformation: Operating income: $1,550,000 Net sales: $13,000,000 Average total assets: $2,000,000 Management's target rate of return: 20% What is thecompany's asset

Flagship Logistics provides the followinginformation:

Operating income: $1,550,000

Net sales: $13,000,000

Average total assets: $2,000,000

Management's target rate of return: 20%

What is thecompany's asset turnoverratio? (Round your answer to two decimalplaces.)

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