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Richard's Sporting Goods reports net income of $160,000, net sales of $470,000, and average assets of $1,830,000. The asset turnover is (Round your answer to
Richard's Sporting Goods reports net income of $160,000, net sales of $470,000, and average assets of $1,830,000. The asset turnover is (Round your answer to 1 decimal place):
.3 times.
.1 times.
11.4 times.
3.9 times.
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