During the year, Beldon, Inc. had net sales of $6,250,000 and net income of $810,000. Total assets were $4,600,000 at the beginning of the year and $5,400,000 at the end. Beldon's asset turnover for the year is:
A) 1.16
B) 0.15
C) 0.162
D) 1.25
E) None of the above
Correct Answer:
Verified
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