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The balance sheet of Paradise Pizza reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. Net income and

The balance sheet of Paradise Pizza reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. Net income and sales for the year are $240,000 and $2,000,000, respectively.

What is Paradise Pizza's asset turnover?

Multiple Choice

  • 0.80 times.

  • 1.33 times.

  • 8.33 times.

  • 1.25 times.

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