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Computing Turnover Ratios for Companies in Different Industries Selected data from recent financial statements of The Procter & Gamble Company, CVS Health Corporation, and Valero
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 | $88,680 | $29,006 | $127,987 |
Cost of sales | 43,391 | 7,167 | 116,719 |
Average receivables | 6,172 | 1,257 | 6,645 |
Average inventories | 7,050 | 113 | 5,285 |
Average PP&E | 20,835 | 22,448 | 23,923 |
Average total assets | 135,299 | 32,483 | 40,202 |
a. Compute the asset turnover (AT) ratio for each company. (Round your answers to one decimal place.)
Asset Turnover | |
---|---|
Procter & Gamble | Answer |
CVS | Answer |
Valero Energy | Answer |
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.)
ART | INVT | PPET | |
---|---|---|---|
Procter & Gamble | Answer | Answer | Answer |
CVS | Answer | Answer | Answer |
Valero Energy | Answer | Answer | Answer |
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