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The following financial data is given for two companies, WIN and LOSS. They both manufacture and sell construction equipment across the US and Canada.
The following financial data is given for two companies, WIN and LOSS. They both manufacture and sell construction equipment across the US and Canada. Both companies have a year end of November 30. WIN Company 2022 LOSS Company 2021 2022 2021 Net Sales $4,481,000 $4,202,000 $3,726,000 $3,238,000 Total Assets $3,387,000 $2,174,000 $2,221,000 $1,731,000 Net Income $688,000 $639,000 $367,000 $318,000 Gross Profit $2,688,600 $2,521,200 $2,235,600 $1,942,800 Calculate the asset turnover for each company in 2022. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Asset Turnover for WIN: Asset Turnover for LOSS: I
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