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Spears Co Had Net Sales of $35,400 Million

Question 213

Multiple Choice

Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset turnover equals:

A) 3.54.
B) 0.42.
C) 1.48.
D) 2.41.
E) 0.35.

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