Question: Aneko Company reports the following ($000s): net sales of $14,800 for 2018 and $13,990 for 2017; end-of-year total assets of $19,100 for 2018 and $17,900

Aneko Company reports the following ($000s): net sales of $14,800 for 2018 and $13,990 for 2017; end-of-year total assets of $19,100 for 2018 and $17,900 for 2017. Compute its total asset turnover for 2018, and assess its level if competitors average a total asset turnover of 2.0 times.

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Financial Accounting Information for Decisions 9th edition by John J. Wild