Dollar General Corporation (DG) is a discount retailer with more than 12,000 stores. It offers a wide

Question:

Dollar General (DG) is a discount retailer with more than 12,000 stores. It offers a wide range of merchandise normally for $10 or less. The following data (in millions) were taken from recent of Dollar General:

Year 2 Year 1 Total sales Total assets: Beginning of year End of year $21,987 $20,369 11,258 11,672 11,209 11,258

a. Compute the asset turnover ratio for Year 2 and Year 1. Round to two decimal places.
b. Interpret the change in the asset turnover ratio from Year 1 to Year 2.

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. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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