J. C. Penney: Asset turnover ratio J. C. Penney Company, Inc. is a large general merchandise retailer in the United States. The following data were obtained from its financial statements for four recent years: Year 4 Year 3 Year 2 Year 1 Total sales $12,257 $11,859 $12.985 $17,260 Total assets: Beginning of year End of year 11,801 9,781 11,424 13,068 10,404 11,801 9,781 11.424 ns 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. 3. Once you have completed looking at the ratio analysis, form your discussion on the 4. What type of trend did you analyze? Was it good or bad? What does the asset turnover 5. In an economic climate that has to compete with Amazon, do you think brick and mortar ent tori- following question in #4 and #5. ratio tell us and why is it important? stores such as JC Penney can survive? How can they strengthen and maintain sales to nvas o get el achieve profit