Key comparative figures ($ thousands) for Krispy Kreme and Tastykake follow:

Required 1. Compute total asset turnover for the most recent two years for both Krispy Kreme and Tastykake using the data shown.
2. Which company is more efficient in generating net sales given the total assets it employs?

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Krispy Kreme Tastykake Current One Year Two Years Current One Year Two Years Key Figures Year Prior Prior Year Prior Prior Total assets $410,487 Net sales 491,549 $255,376 394,354 $171,493 $116,560 $116,137 $112,192 300,715 162,263 166,245 162,877