Laverde Corporation Has Provided the Following Data The Company's Total Asset Turnover for Year 2 Is Closest

question 201

Multiple Choice

Laverde Corporation has provided the following data:
$\begin{array}{lrr}& \text { year 2}& \text {Year 1 }\\\text { Inventory ................ } & \$ 185,000 & \$ 200,000 \\\text { Total assets............ } & \$ 1,489,000 & \$ 1,470,000 \\\text { Sales. }&\$1,220,000\end{array}$ The company's total asset turnover for Year 2 is closest to:

• A) 1.22
• B) 7.60
• C) 0.13
• D) 0.82

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Definitions:

Long Line

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