Computing Turnover Ratios for Companies in Different Industries

Selected data from recent financial statements of The Procter & Gamble Company, CVS Health Corporation, and Valero Energy Corporation are presented below:

($ millions)	Procter & Gamble	CVS Health	Valero Energy
Sales	$66,832	$184,765	$88,407
Cost of sales	33,449	156,208	81,926
Average receivables	4,640	12,673	6,296
Average inventories	4,681	15,028	6,047
Average PP&E	20,247	10,234	26,976
Average total assets	66,119	94,797	48,166

a. Compute the asset turnover (AT) ratio for each company. (Round your answers to one decimal place.)

b. Compute the accounts receivable turnover (ART), inventory turnover (INVT), and PP&E turnover (PPET) for each company. (Round your answers to one decimal place.)