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Calculate the total asset turnover rate for year two

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Reference no: EM133077405

Question - The following data relates to Laurier Inc.

Total assets, December 31, year 1 184000

Total assets, December 31, year 2 437000

Total liabilities, December 31, year 1 60000

Total liabilities, December 31, year 2 131000

Sales for year 2 1440000

Income for year 2 44000

Required - Calculate the total asset turnover rate for year 2.

Reference no: EM133077405

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