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Total Assets Turnover Ratio

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Trentham product currently has $2,000,000 in account receivable and its days sales outstanding is 33 days. if accounts receivable comprises half of the firm's current assets and Trentham has $6,000,000 in net fixed assets, what is Trentham's total assets turnover ratio?

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The solution determines what Trentham's total assets turnover ratio is.

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Account Receivable = $2,000,000
Days sales outstanding = 33
Days sales outstanding = Accounts. ...

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