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eBook Show Me How Asset Turnover Sales The ABC Depot reported the following data (in millions) in its recent financial statements: Year 2 Year 1

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eBook Show Me How Asset Turnover Sales The ABC Depot reported the following data (in millions) in its recent financial statements: Year 2 Year 1 $88,640 $88,620 Total assets at the end of the year 53,400 57,400 Total assets at the beginning of the year 57,400 69,200 a. Determine the asset tumover for The ABC Depot for Year 2 and Year 1. Round to one decimal place. Year 2: Year 1: b. What do these turnover indicate concerning the trend in the ability of The ABC Depot to effectively use its assets to generate ales? The company is becoming less effective in using its assets to generate revenues. The company is becoming more effective in using its assets to generate revenues

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