Compute the company asset turnover for sale company

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Reference no: EM132689081

For 2017, Sale Company reported beginning total assets of $300,000 and ending total assets of $340,000. Its net income for this period was $50,000, and its net sales were $400,000.

Problem 1: Compute the company's asset turnover for 2017. (Round answer to 2 decimal places, e.g. 1.25.)

Reference no: EM132689081

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