Last years asset turnover ratio was 20 sales have increased


Last year's asset turnover ratio was 2.0. Sales have increased by 25% and average total assets have increased by 10% since that time. What is the current asset turnover ratio? A. 1.82 B. 2.05 C. 2.15 D. 2.27

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Finance Basics: Last years asset turnover ratio was 20 sales have increased
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