Question: I need help with this general accounting question using standard accounting techniques. The Stone Industries reported gross sales of $1,250,000, sales returns and allowances of

I need help with this general accounting question using standard accounting techniques.

The Stone Industries reported gross sales of $1,250,000, sales returns and allowances of $12,500, and sales discounts of $9,800. The company has average total assets of $840,000, of which $420,000 is property, plant, and equipment. What is the company's asset turnover ratio

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