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Morning View Company's 2023 sales revenue was $610,000 and 2022 sales revenue was $590,000. Morning View's total assets as of December 31, 2023 were $300,000
Morning View Company's 2023 sales revenue was $610,000 and 2022 sales revenue was $590,000. Morning View's total assets as of December 31, 2023 were $300,000 and total assets as of January 1, 2023 were $280,000. What is Morning View's total asset turnover ratio?
Multiple Choice
a. 2.03
b. 2.06
c. 2.15
d. 2.10
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