### Determine the company asset turnover ratio

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Question - On January 1, 2014, a company has assets of \$15.70 billion and stockholders' equity of \$8.30 billion. On January 1, 2015, the same company has assets of \$19.70 billion and stockholders' equity of \$9.30 billion. During 2014, the company had total sales revenue of \$9.30 billion and total expenses of \$6.70 billion. Determine the company's asset turnover ratio for 2014?

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