Nestl's financial statements are presented in Appendix B. Financial statements of Petra Foods are presented in Appendix

Question:

Nestlé's financial statements are presented in Appendix B. Financial statements of Petra Foods are presented in Appendix C.

Instructions

(a) Compute the asset turnover for each company for the most recent fiscal year presented.

(b) What conclusions concerning the efficiency of assets can be drawn from these data?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... 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.