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5The balance sheet and income statement shown below are for Johnsonville Inc. The company has no amortization charges, doesn't not lease assets, none of their

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5The balance sheet and income statement shown below are for Johnsonville Inc. The company has no amortization charges, doesn't not lease assets, none of their debt must be retired during the next 5 years, and the notes payable will be rolled over.

What is the Johnsonville Inc's total assets turnover?

?

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Balance Sheet ( Millions of 5 ) Assets 2016 Cash and securities 5 1, 554.0 Accounts receivable* 9, 560.0 Inventories 13, 440.0 Total current assets 524, 654.0 Net plant and equipment 17, 346.0 Total assets 542, 000. 0 Liabilities and Equity Accounts payable 5 7, 980. 0 Notes payable 5, 880. 0 Accruals 4, 5 20. 0 Total current liabilities 518, 480.0 Long - term bonds 10. 920.0 Total liabilities 529, 400.0 Common stock 3, 360.0 Retained earnings 9, 240.0 Total common equity 512,600. 0 Total liabilities and equity $42, 000. 0 Income Statement ( Millions of 5. ) 2016 Net sales 558, 800. 0 Operating costs except 554, 978.0 depreciation Depreciation $ 1, 029.0 Earnings bef int and taxes ( EBIT ) 5 2, 793.0 Less interest 1 , 050. 0 Earnings before taxes ( EBT] 5 1, 743.0 Taxes 5. 610. 1 Net income 5 1, 133.0 Other data . Shares outstanding ( millions ) 175. 00 Common dividends Int rate on notes payable & L -T 5. 2590 bonds Federal plus state income tax rate 905E Year -end stock price* 577. 69

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