Question: Camden company reports the following 000s net sales of
Camden Company reports the following ($ 000s): net sales of $14,880 for 2011 and $13,990 for 2010; end-of-year total assets of $15,869 for 2011 and $17,819 for 2010. Compute its total asset turnover for 2011, and assess its level if competitors average a total asset turnover of 2.0 times.
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