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Kalebs Karate Supply had a profit margin of 6.4 percent, sales of $10.5 million, and total assets of $6.4 million. What was total asset turnover?

Kalebs Karate Supply had a profit margin of 6.4 percent, sales of $10.5 million, and total assets of $6.4 million. What was total asset turnover? If management set a goal of increasing total asset turnover to 2.1 times, what would the new sales figure need to be, assuming no increase in total assets?

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