Question: Aneko Company reports the following 000s net sales of 14 800
Aneko Company reports the following ($000s): net sales of $14,800 for 2015 and $13,990 for 2014; end-of-year total assets of $19,100 for 2015 and $17,900 for 2014. Compute its total asset turnover for 2015, and assess its level if competitors average a total asset turnover of 2.0 times.
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