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A Company Reports the Following  Sales $2,520,000 Average total assets (excluding long-term investments) 1,400,000\begin{array} { l r } \text { Sales } & \$ 2,520,000 \\\text { Average total assets (excluding long-term investments) } & 1,400,000\end{array}

question 33

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A company reports the following:  Sales $2,520,000 Average total assets (excluding long-term investments) 1,400,000\begin{array} { l r } \text { Sales } & \$ 2,520,000 \\\text { Average total assets (excluding long-term investments) } & 1,400,000\end{array}
Determine the asset turnover ratio. Round your answer to one decimal place.


Definitions:

Differing Alleles

Describes the variation in alleles (versions of a gene) among individuals, which can result in differences in physical appearance, susceptibility to diseases, and other traits.

Double Helix

The structure of DNA consisting of two strands that wind around each other like a twisted ladder, discovered by Watson and Crick.

Motility

The ability of an organism or fluid to move spontaneously and actively, consuming energy in the process.

Self-Propulsion

The ability of an object or being to move or propel itself using its own power mechanism without external assistance.

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