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The financial manager of a company needs to measure how efficiently the company's total assets are being used to generate sales. From the information given
The financial manager of a company needs to measure how efficiently the company's total assets are being used to generate sales. From the information given below, calculate the relevant ratio he needs for this purpose. Cash $220,000 Accounts receivable 1, 800,000 Inventory 950,000 Plant and equipment 1, 330,000 Sales 10,000,000 Assets turnover ratio of 0.3 Debt to assets ratio of 3.4 Assets turnover ratio of 2.3 Debt to assets ratio of 0.4
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