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Independence Company reported beginning and ending total assets of $34,000 and $20,000, respectively. Its net sales for the year were $ 14,850. What was Independence's

Independence Company reported beginning and ending total assets of $34,000 and $20,000, respectively. Its net sales for the year were $ 14,850. What was Independence's asset turnover ratio?

A. 0.44

B. 0.55

C. 0.74

D. 1.82

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