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20. Use the following information to answer the question:
Gross Sales:
$7...
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Mathematics, 12.06.2021 21:00 tyreshagarrett123
Lupostiosoite
20. 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. 1.5
B. 1.9
C. 1.6
D. 1.7
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