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    Computing Total Asset Turnover

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    Our company has $2,000,000 in accounts receivable and days sales outstanding is 36, half of the firm's current assets are comprised of accounts receivable. Our company has 6,000,000 in net fixed assets. Total assets turnover ratio is 1.921x?

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    ** Please see the attached Excel 97-2003 spreadsheet for the complete solution response **

    Our company has $2,000,000 in accounts receivable and days sales outstanding is 36, half of the firm's current assets are comprised of accounts receivable.
    Our ...

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