Question: Can you help me solve this general accounting question using the correct accounting procedures? An organization reported net sales of $720,000 for the year. Its

Can you help me solve this general accounting question using the correct accounting procedures?

An organization reported net sales of $720,000 for the year. Its average total assets during the same period were calculated to be $480,000. Based on this data, what is the asset turnover ratio for the year

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