Determine the asset turnover ratio of solar inc

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Reference no: EM133064789

Question - Solar Inc. gives you the following information pertaining to the year 2021:

Net sales $880,000

Cost of goods sold 550,000

Current assets 525,000

Current liabilities 262,500

Average total assets 950,000

Total liabilities 577,500

Net income 165,000

Required - Determine the asset turnover ratio of Solar Inc.?

Reference no: EM133064789

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