HP Inc. reported the following financial data for the recent year: Net Sales: $48,200 million • Gross Sales: $52,700 million Average Total Assets: $19,700 million Required: Calculate HP Inc.'s Total Asset Turnover.
HP Inc. reported the following financial data for the recent year: Net Sales: $48,200 million • Gross Sales: $52,700 million Average Total Assets: $19,700 million Required: Calculate HP Inc.'s Total Asset Turnover.
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Transcribed Image Text:HP Inc. reported the following financial data for the recent year:
Net Sales: $48,200 million
• Gross Sales: $52,700 million
Average Total Assets: $19,700 million
Required:
Calculate HP Inc.'s Total Asset Turnover.
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