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Given the following data: Annual Sales = $1,500,000; Building and Machinery = $300,000; Total Assets = 500,000; Calculate the Total asset turnover ratio: a) 5

Given the following data: Annual Sales = $1,500,000; Building and Machinery = $300,000; Total Assets = 500,000; Calculate the Total asset turnover ratio:

a) 5 times

b) 2.5 times

c) 3 times

d) 4 times

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