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A company reports the following:
Sales$2,520,000
Average total assets (excluding long-term investments)1,400,000?
Determine the asset turnover ratio. Round your answer to one decimal place.
Congress
The bicameral legislature of the United States government, composed of the House of Representatives and the Senate, responsible for making federal laws.
War
Armed conflict between states, societies, or groups, characterized by the use of military force to achieve political, economic, or social objectives.
Officially Declared
A term indicating that a statement or action has been formally announced or recognized by an authoritative body or individual.
World War II
A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.
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