Question: Aneko Company reports the following 000s net sales of
Aneko Company reports the following ($ 000s): net sales of $ 14,800 for 2013 and $ 13,990 for 2012; end-of- year total assets of $ 19,100 for 2013 and $ 17,900 for 2012. Compute its total asset turnover for 2013, and assess its level if competitors average a total asset turnover of 2.0 times.
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