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Goal of increasing total asse turnover

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Reference no: EM133102633

Kaleb's Karate Supply had a profit margin of 7.9 percent, sales of $13.8 million, and total assets of $7.1 million. What was total asset turnover? If management set a goal of increasing total asse turnover to 2.75 times, what would the new sales figure need to be, assuming no increase in total assets?

Reference no: EM133102633

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