GOME (www.GOME.com.hk), Best Buy, and RadioShack are all competitors in the global market place. Comparative figures for these companies€™ recent annual accounting periods follow.

Required
1. Compute total asset turnover for the most recent two years for GOME using the data shown.
2. Which company is most efficient in generating net sales given the total assets it employs?

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GOME (RMB mlililone) Best Buy RadloShack (n millions, eccept turnover) Current Prior Two Years Current Prior Current Prior Year Year Year Year Year Year Prior Tocal assets 27,495 29,837 21.176 $15,826 $12758 $2,283.5 $1,989.6 45,88942,479 24,729 45,015 40,023 4,224.5 4251.7 Tocal asset curnover 3.15 3.04 1.98 2.09