Asset Turnover Ratio $=$ Total Net Sales $($Revenue$)-$: Average Total Assets

This measure of asset utilization $($i$.$e$.$ how effectively the company uses its assets to generate revenue$)$ measures the sales per dollar of assets invested. The ratio is computed by dividing the net sales revenue for a given year by the average assets utilized during the year $($average assets $=$ average of the beginning balance of total assets and the ending balance of total assets$)$

Which of the following companies had the highest Asset Turnover Ratio?

Group of answer choices

Apple, Inc. $($for the year ended Sep $24,2022)$

CVS Health Corporation $($for the year ended December $31,2021)$

Best Buy, Inc. $($for the year ended January $29,2022)$

Walmart Inc. $($for the year ended January $31,2022)$