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Two Sisters Dresses has net working capital of $43,800, net fixed assets of $232,400, sales of $472,043, and current liabilities of $51,300. How many dollars
Two Sisters Dresses has net working capital of $43,800, net fixed assets of $232,400, sales of $472,043, and current liabilities of $51,300. How many dollars of sales are generated from every $1 in total assets? Is the firm more or less efficient than its competitor that has a Total Asset Turnover of 1.55? (Hint: First solve for Current Assets and then for Total Assets)
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