Question: QS 1 3 - 1 3 Computing total asset turnover P 3 Dundee Co . reported the following for the current year: net sales of

QS 13-13
Computing total asset turnover P3
Dundee Co. reported the following for the current year: net sales of $80,000; cost of goods sold of $60,000; beginning balance of total assets of $115,000; and ending balance of total assets of $85,000. Compute total asset turnover. Round to one decimal.

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