Piaggio (www.Piaggio.com). Polaris and .Aretic Cat are all competitius in the global marketplace. comparitive figures for these companies’ recent annual accounting pcrioils follow.

Required 1. Compute ti'tal asset turnover for the n\ost recent two years for I’iaggio using the ilata shown, 2. Which company is most efficient in generating net sales given the total assets it employs?

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Plaggio (Euro thousands) Polaris Arctic Cat (in thousands, except turnover) Current Year Prior Prior Two Years Current Prior Year Year Year Current Prior Year Year Total assets Net sales 1,516,163 1,185,351 1.486,882 2,656,949 Total asset turnover 1,520,18-1 1,545.722 1.564,820 $1,228,024 $1,061,647 $272,906 $246.084 1,991,139 164.651 450,728 1.79 1.81 2.18 2.32