Multiple Choice
A company had average total assets of $897,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover is equal to:
A) 0.82
B) 0.90
C) 1.09
D) 1.11
E) 1.26
Correct Answer:
Verified
Correct Answer:
Verified
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