Question: Using the following data for Renfro, Inc., compute its asset turnover. (Round answer to 2 decimal places, e.g. 52.75. Net Income2017$123,000Total Assets12/31/172,443,000Total Assets12/31/161,880,000Net Sales20172,135,000 Asset

Using the following data for Renfro, Inc., compute its asset turnover.(Round answer to 2 decimal places, e.g. 52.75.

Net Income2017$123,000Total Assets12/31/172,443,000Total Assets12/31/161,880,000Net Sales20172,135,000

Asset Turnover

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