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Aquablue Roadways Corporation operates throughout the United States. The following data (in millions) were adapted from recent financial statements of Aquablue. Year 2 Year 1
Aquablue Roadways Corporation operates throughout the United States. The following data (in millions) were adapted from recent financial statements of Aquablue.
Year 2 | Year 1 | |
Sales | $47,250 | $49,675 |
Beginning of year property, plant, and equipment | 18,620 | 15,730 |
End of year property, plant, and equipment | 22,360 | 18,540 |
From the above data, what would be the asset turnover for Year 2? (Round the answer to two decimal places.)
a.1.22
b.2.01
c.2.18
d.1.15
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