Question: Using the following data for Renfro Company, compute its asset turnover for 2017. $ Net Income 2017 123,000 Total Assets 12/31/17 2,443,000 Total Assets 12/31/16

Using the following data for Renfro Company, compute its asset turnover for 2017. $ Net Income 2017 123,000 Total Assets 12/31/17 2,443,000 Total Assets 12/31/16 1,827,000 Net Sales 2017 2,135,000

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