Question: Please provide the correct answer to this general accounting problem using accurate calculations. In 2022, Falcon Industries recorded net sales of $1,200,000. At the beginning

Please provide the correct answer to this general accounting problem using accurate calculations.

Please provide the correct answer to this general
In 2022, Falcon Industries recorded net sales of $1,200,000. At the beginning of the year, the company's total assets stood at $500,000, and by the end of the year, the total assets had increased to $700,000 due to expansion activities. The company aims to improve its operational efficiency by maximizing the use of its assets to generate revenue. As part of performance evaluation, management wants to know how efficiently the assets were used during the year. What is Falcon Industries' asset turnover ratio for 2022

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