Question 14

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The fiscal 2016 financial statements for Walgreens Boots Alliance, Inc., report net sales of $117,351 million, net operating profit after tax of $4,687 million, net operating assets of $39,502 million. The 2015 balance sheet reports net operating assets of $42,683 million. Walgreen's 2016 net operating asset turnover is:

Select one:

A. 11.5%

B. 2.86

C. 13.3%

D. 2.97

E. There is not enough information to calculate the ratio.