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Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the

Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent.

Net income

Gross profit

on sales

Average

total assets

Sales

Tax rate on operating profit

$69,960

$700,400

$360,600

$1,356,504

35%

A.

0.27

B.

17.30

C.

5.17

D.

3.76

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