Aneko Company reports the following ($ millions): net sales of $14,880 for 2008 and $13,990 for 2007;

end-of-year total assets of $15,869 for 2008 and $17,819 for 2007. Compute its total asset turnover for 2008, and assess its level if competitors average a total asset turnover of 2.0 times.

AppendixLO1