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Calculate total asset turnover and return on assets based on the following: Net income$15.0 millionSales68.0 millionTotal...

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Question

Accounting

Calculate total asset turnover and return on assets based on the following:

 

Net income

$15.0 million

Sales

68.0 million

Total Assets, beginning of the year

14.6 million

Total Assets, end of the year

17.1 million

Answer & Explanation Solved by verified expert
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