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Kaleb's Karate Supply had a profit margin of 1 1 percent, sales of $ 2 3 . 4 million, and total assets of $ 8
Kaleb's Karate Supply had a profit margin of percent, sales of $ million, and total assets of $ million.
a What was the total asset turnover?
Note; Do not round intermediate calculations and round your answer to decimal places, eg
b If management set a goal of increasing total asset turnover to times, what would the new sales figure need to be assuming no increase in total assets?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, eg
tablea Total asset turnover,,timesb: Sales,,
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