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What is farmsung asset turnover and leverage ratios

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Reference no: EM132996044

Problem 1: In 2019, Farmsung reported sales of $300 million, net income of $25 million, average assets of $1,000 million, and equity of $650 million. What is Farmsung's asset turnover and leverage ratios, respectively?"

Option 1: "8.33% and 30%, respectively"
Option 2: "8.33% and 154%, respectively"
Option 3: "3% and 200%, respectively"
Option 4: "30% and 154%, respectively"

Reference no: EM132996044

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