A Company Reports the Following $$\begin{array} { l r } \text { Sales } & \$ 2,400,000 \\\text { Average total assets (excluding long-term investments) } & 1,500,000\end{array}$$

question 53

Essay

A company reports the following: $$\begin{array} { l r } \text { Sales } & \$ 2,400,000 \\\text { Average total assets (excluding long-term investments) } & 1,500,000\end{array}$$ ​
Determine the asset turnover ratio. Round your answer to one decimal place.

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Definitions:

Generalization

The ability to apply learned skills or responses to new situations or stimuli that are similar to the original conditions.

Associative Linkage

The connection or relation between two concepts or mental processes, allowing for one to trigger the recall of the other.

Extinction

The gradual weakening and eventual disappearance of a conditioned response when the reinforcement is no longer presented.

Conditioned Stimulus

A stimulus that initially has no inherent significance but acquires the ability to evoke a response after being associated with an unconditioned stimulus.