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Posted on Aug 29, 2024

The Kingwood Company reported sales revenue of $ 3 , 2 3 0 , 0 0 0 and average total assets of $ 1 ,

The Kingwood Company reported sales revenue of $

3, 230, 000

and average total assets of $

1, 600, 000 .

Calculate the company

s asset turnover.

(

Round to two decimals.

)

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