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What was clark asset turnover ratio for the year

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Reference no: EM132752048

Problem 1: In 20x1, Clark Ltd. had an operating income of $324226 and assets of $4266867. It reported a profit margin of 18.7%. What was Clark's asset turnover ratio for the year?

Select one:

a. 0.41
b. 1.02
c. 0.25
d. 0.10

Reference no: EM132752048

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