Question: I need help finding the accurate solution to this general accounting problem with valid methods. Summit Industries provides the following financial data for the current

I need help finding the accurate solution to this general accounting problem with valid methods.

Summit Industries provides the following financial data for the current year: * Operating income: $145,000 Average total assets: $975,000 * Net sales: $1,365,000 Required rate of return: 12% Calculate the asset turnover. A) 1.24 times B) 1.40 times C) L357 times D) 1.15 times

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