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What is the asset turnover ratio for year

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Reference no: EM132686586

Question - Gulf Corp. has the following information:

 

End of Year 1

End of Year 2

Net sales

$80,000

$100,000

Total assets

600,000

800,000

Accounts receivable

30,000

50,000

Required - What is the asset turnover ratio for year 2 rounded to the nearest 1/1000?

Reference no: EM132686586

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