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. If a firm's total asset turnover ratio is 2.0, and its Sales for the year are $160,000. Then its total assets must be: a.

. If a firm's total asset turnover ratio is 2.0, and its Sales for the year are $160,000. Then its total assets must be:

a. $80,000

b. $160,000

c. $240,000

d. $320,000

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