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What hoyle asset turnover is

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Reference no: EM132750086

For 2019, Hoyle Company reports beginning of the year total assets of €900,000, end of the year total assets of €1,100,000, net sales of €1,250,000, and net income of €250,000.

Problem 1: Hoyle's 2019 asset turnover is

Option 1: 1.14 times.
Option 2: .23 times.
Option 3: 1.25 times.
Option 4: .25 times.

Reference no: EM132750086

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