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Calculate the total assets turnover ratio for both years

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Reference no: EM132620167

You have been given the two years data of XYZ company as follows:

                                          2005                   2004

Net sales                          1,493,622         1,403,243

Assets:

Beginning of the year             1,039,731              889,584

End of year                         1,1143701               1,039,731

Question 1: Calculate the Total Assets Turnover ratio for both years and interpret your Answer.

Reference no: EM132620167

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