Laverde Corporation has provided the following data: Year 2Year 1Inventory$185,000 $200,000 Total assets$1,489,000 $1,470,000 Sales$1,220,000 The company's total asset turnover for Year 2 is closest to:
A. 7.60
B. 1.22
C. 0.82
D. 0.13
Answer: C
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An advantage of the current ratio is that it considers the makeup of the current assets
Indicate whether the statement is true or false
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