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A company had net sales of $541,500 in 2010 and $475,300 in 2011. Its average assets were $410,000 for 2010 and $400,000 for 2011. (1) Calculate the total asset turnover for each year. (2) Interpret and comment on the company's efficiency in the use of its assets.
Internet of Things
A network of interconnected devices, machinery, and systems designed to collect, exchange, and analyse data, enhancing automation and efficiency.
Smart-Home Devices
Electronic devices that can be controlled remotely providing convenience, such as lighting, thermostats, and security systems.
Temperature
A physical quantity expressing hot and cold, measured with a thermometer and quantitatively determined by the average kinetic energy of the molecules.
Health And Wellness
An approach to healthcare that emphasizes preventing illness and prolonging life, as opposed to treating diseases.
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