A company reports the following: Sales $8,296,860 Average total assets (excluding long-term investments) 1,063,700 Determine the asset turnover ratio. Round your answer to one decimal place. fill in the blank 1

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 8BE: A company reports the following: Determine the asset turnover ratio. Round to one decimal place.
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A company reports the following:

Sales $8,296,860
Average total assets (excluding long-term investments) 1,063,700

Determine the asset turnover ratio. Round your answer to one decimal place.
fill in the blank 1

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