During 2011, Stein Corporation reported net sales of $4,000,000 and net income of $1,800,000.Stein also reported beginning total assets of $1,000,000 and ending total assets of $1,500,000.Stein's asset turnover ratio is
A) 4.0 times.
B) 3.2 times.
C) 2.7 times.
D) 1.9 times.
Correct Answer:
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