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Vente Had Gross Sales of $2,860 Million and Net Sales

Question 18

Multiple Choice

Vente had gross sales of $2,860 million and net sales of $2,730 million.Its average total assets for the period were $2,350 million.Vente's total asset turnover was


A) .82
B) 1.2
C) 1.1
D) .86
E) 1.4

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