Multiple Choice
A company reports sales revenue of $120 million this year and $110 million last year. Their total assets in the current year are $80 million and last year's total assets were $75 million. What is the current year's asset turnover ratio?
A) 1.61
B) 1.55
C) 1.40
D) 1.46
Correct Answer:
Verified
Correct Answer:
Verified
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