Multiple Choice
A company had average total assets of $887,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover equals:
A) 1.23.
B) 1.09.
C) 1.13.
D) 0.81.
E) 0.89.
Correct Answer:
Verified
Correct Answer:
Verified
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