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Asset Turnover
The ABC Depot reported the following data (in millions) in its recent financial statements:
a. Determine the asset turnover for The ABC Depot for Year 2 and Year 1. Round to one
decimal place.Year 2Year 1Sales$75,620$75,310Total assets at the end of the
year38,40041,200Total assets at the beginning of the year41,20047,400

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