Calculate and interpret the asset turnover ratio for Dan's Dependable Delivery.

Part 3: Calculate and interpret the asset turnover ratio for Dan's Dependable Delivery

Given the following information, add a third tab to your Excel document and calculate Dan's Dependable Delivery's asset turnover ratio for two consecutive years. In that same tab, write a short professional email message to your assistant showing your calculations and explaining the numbers. How do the ratios compare? Do you see improvement? Your assistant is unfamiliar with this ratio.

	Current year	Last year	Previous Year
Sales	$1,500,000	$1,470,000	$1,489,000
Total Assets	$3,750,250	$3,590,750	$3,545,250