Question 5

In its recent annual report, Campbell Soup Company reports beginning-of-the-year total assets of $13,148 million, end-of-the-year total assets of $12,372 million, total sales of $8,691 million, and net income of $1,628 million.

(a)

Compute Campbell's asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.)

Asset turnover

enter the asset turnover in times rounded to 4 decimal places

times