Question: Can you solve this general accounting problem with appropriate steps and explanations? AN ORGANIZATION REPORTED NET SALES OF $ 1,350,000 DURING THE YEAR. ITS AVERAGE

Can you solve this general accounting problem with appropriate steps and explanations?

AN ORGANIZATION REPORTED NET SALES OF $ 1,350,000 DURING THE YEAR. ITS AVERAGE TOTAL ASSETS FOR THE SAME PERIOD WERE $1,125,000. USING THIS DATA, CALCULATE THE ASSET TURNOVER RATIO. APPLY THE ASSET TURNOVER FORMULA AND SHOW ALL. STEPS CLEARLY

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