McDonalds corporation (USA) reports total average assets of $28.9 billion and net sales of $20.5 billion. What

Question:

McDonald’s corporation (USA) reports total average assets of $28.9 billion and net sales of $20.5 billion. What is the company’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. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...