Company XYZ adopts a new operation system and improves its asset turnover ratio from 0.8...
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Finance
Company XYZ adopts a new operation system and improves its asset turnover ratio from 0.8 last year to 1.8 this year. During this year, its asset grows by 30% from last year. How much does the sales have to grow in percentage this year so that the total asset turnover ratio is 1.8?
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