Grades J. C. Penney: Asset turnover ratio Files Syllabus J. C. Penney Company, Inc. is a large general merchandise retailer in the REAL WORLD United States. The following data were obtained from its financial statements for four recent years: Quizzes Conferences Collaborations 3C Media Chat Online Student Year 4 Year 3 Year 2 Year 1 $12,257 $11,859 $12,985 $17,260 Total sales Total assets: Beginning of year End of year 11,801 9,781 11,424 13,068 10,404 11,801 9.781 11424 Readiness Tutori- 1. Compute the asset turnover ratio for each year. (Round to two decimal places). 2.Interpret the trend in this ratio over the four years. Students: Canvas Intro, How to get HELP & more! RCC Library StudyMate Google Drive Office 365 3. Once you have completed looking at the ratio analysis, form your discussion on 4. What type of trend did you analyze? Was it good or bad? What does the asset 5. In an economic climate that has to compete with Amazon, do you think brick and the following question in #4 and #5 turnover ratio tell us and why is it important? mortar stores such as JC Penney can survive? How can they strengthen and maintain sales to achieve profit? FOR FULL CREDIT, PLEASE "LIKE" TWO OF YOUR CLASSMATES POST AND THER cTLUDEITS POST--THANKS