Determine the asset turnover ratio and total debt

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Determine the asset turnover ratio and total debt to total assets ratio for the Littleton Gift Shop & Tackle Store. The store has average total assets of $135,400. It has current liabilities of $11,200 and long-term liabilities of $43,400. Net sales in the past month totaled $23,040. The gift shop currently has $6,500 in cash and inventory worth $62,300. The store’s total assets at present are $136,800

Reference no: EM131324745

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