Question
The following information is provided for Sandhill Co. and Indigo Corporation. (in $ millions) Sandhill Co. Indigo Corporation Net income 2017 $145 $415 Net sales
The following information is provided for Sandhill Co. and Indigo Corporation.
| (in $ millions) | Sandhill Co. | Indigo Corporation |
|---|---|---|
| Net income 2017 | $145 | $415 |
| Net sales 2017 | 1225 | 4500 |
| Total assets 12/31/15 | 1060 | 2080 |
| Total assets 12/31/16 | 1275 | 3020 |
| Total assets 12/31/17 | 1200 | 4060 |
What is Sandhill's asset turnover ratio (rounded) for 2017?
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Knowledge Audit A Complete Guide
Authors: The Art Of Service - Knowledge Audit Publishing
2021 Edition
1867424010, 978-1867424017
