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The following data has been taken from the financial statements of TATA industries: Net sales: $65000 Sales returns: $2,500 Assets at the beginning of the

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The following data has been taken from the financial statements of TATA industries: Net sales: $65000 Sales returns: $2,500 Assets at the beginning of the year: $78,000 Assets at the end of the year: $72,000 Required: Compute assets turnover ratio for the TATA industries

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