Mathematics, 20.08.2020 06:01 zakwolthuis
Use the following information to answer the question: Gross sales: $70,000 Sales discount: $2,500 Sales returns and allowances: $8,000 Total assets: $39,000 Using this information, calculate the asset turnover. Round your answer to the nearest tenth.
a) 1.9
b) 1.6
c) 1.5
d) 1.7
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