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EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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
Transcribed Image Text:Baker Company had net sales of $3,600,000 for the year. The
company's beginning total assets were $8,400,000 and ending total
assets were $9,600,000. Calculate the asset turnover ratio.
A. 0.25
B. 0.40
C. 0.75
D. 1.25
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