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Calculate the asset turnover ratio

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Question - Barker, Inc. had reported the following details for the year ended December? 31, 2019:

Net sales

?$24,950,000

Total assets

?$16,900,000

Total liabilities

?$9,900,000

The? company's beginning total assets and liabilities were? $14,300,000 and? $9,100,000, respectively. Calculate the asset turnover ratio for 2019.

Reference no: EM133096931

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