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Calculate the total asset turnover rate for year

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Reference no: EM132612810

The following data relates to ABC Inc.

Total assets, December 31, year 1 286000

Total assets, December 31, year 2 494000

Total liabilities, December 31, year 1 88000

Total liabilities, December 31, year 2 101000

Sales for year 2 800000

Income for year 2 36000

Question 1: Calculate the total asset turnover rate for year 2.

Reference no: EM132612810

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