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The Miller Company reported gross sales of $910,000, sales returns and allowances of $5,600 and sales discounts of $5,600. The company has average total assets
The Miller Company reported gross sales of $910,000, sales returns and allowances of $5,600 and sales discounts of $5,600. The company has average total assets of $560,000, of which $280,000 is property, plant, and equipment. What is the company's asset turnover ratio? (Round your answer to 2 decimal places.)
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