Using the following hypothetical information taken from Sharper Image Corporations balance sheet, determine the asset turnover (Figures

Question:

Using the following hypothetical information taken from Sharper Image Corporation’s balance sheet, determine the (Figures are in $ millions)
Net Sales ………………….$383,222
Total Assets ………………$162,338
Total Liabilities …………..$ 67,595 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.