Aurora Inc. reported net sales of $2,400 million in 2022. The total assets at the beginning of the year were $1,800 million, and at the end of the year, they were $2,000 million. What is the asset turnover ratio for Aurora Inc. for 2022 (rounded to two decimal places)?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Aurora Inc. reported net sales of $2,400 million in
2022. The total assets at the beginning of the year
were $1,800 million, and at the end of the year, they
were $2,000 million.
What is the asset turnover ratio for Aurora Inc. for
2022 (rounded to two decimal places)?
Transcribed Image Text:Aurora Inc. reported net sales of $2,400 million in 2022. The total assets at the beginning of the year were $1,800 million, and at the end of the year, they were $2,000 million. What is the asset turnover ratio for Aurora Inc. for 2022 (rounded to two decimal places)?
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