Piaggio (www.Piaggio.com), Polaris, and Arctic Cat are all competitors in the global marketplace. Comparative figures for these companies’ recent annual accounting periods follow.

Required
1. Compute total asset turnover for the most recent two years for Piaggio using the data shown.
2. Which company is most efficient in generating net sales given the total assets itemploys?

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Plaggio (Euro thousands) Polaris Arctic Cat (In thousands except turnover Current Prior Two Years Current Prior Current Prior Year Year Year Year Total assets ....520.184 1,545,722 1,564,820 $1.228,024 $1061.647 $272,906 $246.084 Net sales 1516.463 1,485.35 486,882 2,656,949 991.139 464,651 450,728 Total asset turnover. 2.32 2.18 .79 1.81