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Coke has the better turnover for both years Pepsi has the better turnover for both years Coke's turnover is improving Coke's credit policies are too loose Coke is collecting its receivables more quickly than Pepsi in both years Question 11. Question : A company had average total assets of $897,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover is equal to: 0.82 0.90 1.09 1.11 1.26