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Calculate Company Y's total asset turnover based on the following information for the current year: (Round your final answer to two decimal places.) Net income

Calculate Company Y's total asset turnover based on the following information for the current year: (Round your final answer to two decimal places.)

Net income

$800,000

Assets at the beginning of the year

$100,000

Assets at the end of the year

$140,000

Net sales

$300,000

A. 2.14

B. 2.5

C. 3

D. 6.67

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