J. C. Penney Company, Inc. (JCP) is a large general merchandise retailer in the United States. The following data (in millions) were obtained from its financial statements for 4 recent years: a. Compute the asset turnover ratio for each year. Round to two decimal places. b. Interpret the trend in this ratio over the 4 years. The asset turnover ratio asset turnover ratio from Year 1 to Year 2 and Year 3. This is a in Year 4. These ratios are some of the attracting and maintaining customers. In recent years, the company closing stores and trend in the use of assets to generate revenue; however, the in the retail industry. J. C. Penney having trouble its assets, while sales have been relatively