Compute the company's total asset turnover under current conditions

Sigchi4life
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Question description


I'm kind of stuck on this one :/ can anyone help?

Assume that the company currently has net sales of $8,000,000, and that it is planning an expansion that will increase net sales by $4,000,000. To accomplish this expansion, Games2U must increase its average total assets from $2,500,000 to $3,000,000.

Required Compute the company's total asset turnover under (a) current conditions and (b) proposed conditions.

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(Top Tutor) Daniel C.
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