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The asset turnover is 4.0, and sales are $200,000. Average total assets (excluding long-term investments) are OA) $40,000 B) $50,000 C) $200,000 D) $800,000 E)

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The asset turnover is 4.0, and sales are $200,000. Average total assets (excluding long-term investments) are OA) $40,000 B) $50,000 C) $200,000 D) $800,000 E) none of the above

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