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Calculate Atlas turnover ratio for last year

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Reference no: EM132813939

Question - Atlas Company provided the following information for last year:

Operating income $92,000

Sales 235,000

Beginning operating assets 410,000

Ending operating assets 440,000

Required - Calculate Atlas's turnover ratio for last year.

a. 0.46

b. 0.32

c. 2.15

d. 0.10

e. 0.55

Reference no: EM132813939

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