Comparative figures for Polaris and Arctic Cat follow.

Required
1. Compute total asset turnover for the most recent two years for Polaris and Arctic Cat using the data shown.
2. Which company is more efficient in generating net sales given the total assets it employs? Assume an industry average of 1.0 for assetturnover.

Transcribed Image Text:

Polaris Arctic Cat Two Years Current Year Years Prior Year Prior Prior OneTwo One Current Year ($ thousands) Year Total assets1.228,024 $1061.647 763,653 $272.906 $246,084 $25.165 Net sales...2,656,949 1,991,139 565,887 464,65 450,728 563,613