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Cambria Company Reports Net Sales of $4,315 Million; Cost of Goods

Question 28

Multiple Choice

Cambria Company reports net sales of $4,315 million; cost of goods sold of $2,808 million; net income of $283 million; and average total assets of $2,136. Compute its total asset turnover.


A) 1.31.
B) 2.02.
C) 13.
D) 76.
E) 50.

Correct Answer:

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