In its 2010 annual report, Target reported beginning total assets of $44.5 billion; ending total assets of

Question:

In its 2010 annual report, Target reported beginning total assets of $44.5 billion; ending total assets of $43.7 billion; and net sales of $65.8 billion. Compute Target's asset turnover ratio.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.