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The following information is provided for Sunland Company and Culver Corporation. (in $ millions) Sunland Company   Culver Corporation Net income 2022   $155       $405   Net sales 2022 1595     4530   Total assets 12/31/20 1040     2130   Total assets 12/31/21 1260     3020   Total assets 12/31/22 1165     4100   What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.) 0.68 times 1.32 times 0.25 times 3.94 times

The following information is provided for Sunland Company and Culver Corporation. (in $ millions) Sunland Company   Culver Corporation Net income 2022   $155       $405   Net sales 2022 1595     4530   Total assets 12/31/20 1040     2130   Total assets 12/31/21 1260     3020   Total assets 12/31/22 1165     4100   What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.) 0.68 times 1.32 times 0.25 times 3.94 times

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is provided for Sunland Company and Culver Corporation.

(in $ millions)

Sunland Company

  

Culver Corporation

Net income 2022

  $155

    

  $405

  

Net sales 2022

1595

    

4530

  

Total assets 12/31/20

1040

    

2130

  

Total assets 12/31/21

1260

    

3020

  

Total assets 12/31/22

1165

    

4100

  


What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.)

0.68 times

1.32 times

0.25 times

3.94 times

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