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You are given the following information about Grill Cedar: The company has sales of $253,200, and net fixed assets of $64,000. In addition, the firms
You are given the following information about Grill Cedar: The company has sales of $253,200, and net fixed assets of $64,000. In addition, the firms net working capital is $36,000 and current liabilities of $20,000. Calculate the Total Asset Turnover Ratio. Is the firm more or less efficient than its competitor that has a Total Asset Turnover of 2.00? (Hint: first need to calculate current assets)
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