Deflorio corporations inventory at the end of year 2 was, Ask an Expert

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Deflorio Corporation's inventory at the end of Year 2 was $165,000 and its inventory at the end of Year 1 was $150,000. The company's total assets at the end of Year 2 were $1,466,000 and its total assets at the end of Year 1 were $1,416,000. Sales amounted to $1,440,000 in Year 2. The company's total asset turnover for Year 2 is closest to:

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Financial Accounting, Accounting

Category:- Financial Accounting
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