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Mike Company reported beginning and ending total assets of $280. 000 and $400. 000.respectively. Its net sales for the year was $646. 000. What was

Mike Company reported beginning and ending total assets of $280. 000 and $400. 000.respectively. Its net sales for the year was $646. 000. What was Mike's asset turnover ratio? Begin by selecting the formula to calculate the company's asset turnover ratio. Then enter the amounts and calculate the ratio. (Round the asset turnover ratio to two decimal places.X.XX.) = Asset turnover ratio

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