In a recent annual report, Target (USA) reported beginning total assets of $37.3 billion; ending total assets

Question:

In a recent annual report, Target (USA) reported beginning total assets of $37.3 billion; ending total assets of $44.6 billion; property and equipment (net) of $24.1 billion; and net sales of $61.5 billion. Compute Target’s ratio.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.