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Independence Corporation reported beginning and ending total assets of $40,000 and $20,000, respectively. Its net sales for the year were $15,000. What was Independence's asset

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Independence Corporation reported beginning and ending total assets of $40,000 and $20,000, respectively. Its net sales for the year were $15,000. What was Independence's asset turnover ratio? O A. 2.00 B. 0.50 O C. 0.75 OD. 0.38

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