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The asset turnover of a company is 1.5 times. What does this mean? each dollar in sales produces $1.50 in assets each dollar in assets

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The asset turnover of a company is 1.5 times. What does this mean? each dollar in sales produces $1.50 in assets each dollar in assets produces $.50 in sales sales is 150% of the total assets each dollar in assets produces $1.50 in sales

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