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Compute asset turnover

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Question - Use the following selected balance sheet and income statement information for Stevens Co. to compute asset turnover, to the nearest hundredth of a percent.

Operating profit before tax $120,000

Earnings without interest expense (EWI) $192,500

Average total assets $653,000

Sales $1,250,000

Tax rate on operating profit 35%

Reference no: EM132918741

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