Question: Practice Do It! Review 02 For 2020, Cheyenne Corp. reported beginning total assets of $291,000 and ending total assets of $351,000. Its net income for

Practice Do It! Review 02 For 2020, Cheyenne Corp. reported beginning

Practice Do It! Review 02 For 2020, Cheyenne Corp. reported beginning total assets of $291,000 and ending total assets of $351,000. Its net income for this period was $60,000, and its net sales were $698,000. Compute the company's asset turnover for 2020. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover times

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