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Question(s) / Instruction(s):

Aardvaark & Co. has sales of $291,200, cost of goods sold of $163,300, net profit of $11,360, net fixed assets of $154,500, and current assets of $89,500. What is the total asset turnover rate?

a)      1.08

b)      1.19

c)       1.24

d)      1.28

e)      1.11

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