Exercise 11-12 Calculate financial ratios [LO4]

[The following information applies to the questions displayed below.]

Google has the following selected data ($ in millions):

2009

2008

Net sales

$10,603

$ 6,145

Net income

3,083

1,460

Operating cash flows

3,574

2,451

Total assets

18,472

10,267

Exercise 11-12 Part 3

3.

Calculate the cash flow to sales ratio and the asset turnover ratio. (Do not round the Average Total Assets. Round your answers to 2 decimal places.)

Cash flow to sales	33.70	%
Asset turnover		times

what is the asset turnover?