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Problem 2 9 - 5 Measuring efficiency a . If a firm's assets of $ 1 0 , 0 0 0 represent 2 0 0

Problem

29 - 5

Measuring efficiency

.

If a firm's assets of $

10, 000

represent

200

days' sales, what is its annual sales? Assume a

365 -

day year.

.

What is its asset turnover ratio?

Note: Round your answer to

3

decimal places.

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