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Patterson Corporation began the year with total assets of $7,000 and ended the year with assets of $9,000. During the year, Patterson earned sales revenue
Patterson Corporation began the year with total assets of $7,000 and ended the year with assets of $9,000. During the year, Patterson earned sales revenue of $7,680, and incurred expenses of $5,680. Which of the following is Patterson's total asset turnover for the year?
Group of answer choices
0.96 times
1.04 times
0.63 times
1.10 times
0.85 times
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