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Last Year's Asset Turnover Ratio Was 2

Question 91

Multiple Choice

Last year's asset turnover ratio was 2.0. Sales have increased by 25% and average total assets have increased by 10% since that time. What is the current asset turnover ratio?


A) 1.82
B) 2.05
C) 2.15
D) 2.27

Correct Answer:

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