Homework Answers
| Total Assets Turnover =Sales / Average Total Assets |
| Average Total Assets =Beginning total assets + Closing total assets |
| Average Total Assets =($56,800,000+$89,200,000) / 2 |
| Average Total Assets =$73,000,000 |
| Total Assets Turnover =$53,600,000/$73,000,000 =0.73 |
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