J. C. Penney: Asset turnover ratio J. C. Penney Company, Inc. is a large general merchandise retailer in the United States. The following REAL WORLD data were obtained from its financial statements for four recent years: Year 4 Year 3 Year 2 Year 1 $12,257 $11,859 $12,985 $17,260 11,801 9,781 11,424 13,068 Total sales Total assets: Beginning of year End of year 10,404 11,801 9,781 11,424 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 following question in 4. What type of trend did you analyze? Was it good or bad? What does the asset turnover ratio tell us and 5. In an economic climate that has to compete with Amazon, do you think brick and mortar stores such as #4 and #5. why is it important? JC Penney can survive? How can they strengthen and maintain sales to achieve profit