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Kalebs Karate Supply had a profit margin of 10 percent, sales of $25 million, and total assets of $8.5 million. What was the total asset
Kalebs Karate Supply had a profit margin of 10 percent, sales of $25 million, and total assets of $8.5 million. What was the total asset turnover? If management set a goal of increasing total asset turnover to 3 times, what would the new sales figure need to be, assuming no increase in total assets?
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