Question: I need the correct answer to this general accounting problem using the standard accounting approach. On January 1, 2022, Omega Corp. had total assets of

I need the correct answer to this general accounting problem using the standard accounting approach.

On January 1, 2022, Omega Corp. had total assets of $12.5 billion and stockholders' equity of $6.8 billion. On January 1, 2023, the company reported assets of $14.5 billion and stockholders' equity of $7.2 billion. During 2022, Omega generated sales revenue of $8.1 billion and had total expenses of $5.9 billion. What is the asset turnover ratio for 2022

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