Outdoor Play Inc. reported the following facts in its 2020 annual report: net sales of $9,683 million for 2019 and $9,050 million for 2020; total end-of-year assets of $10,690 million for 2019 and $13,435 million for 2020. Calculate the total asset turnover for 2020 and identify whether it compares favourably or unfavourably with the industry average in Exhibit 17.11.

Exhibit 17.11

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Times interest earned. Profit margin. Gross profit ratio. Return on total assets. Return on common shareholders' equity.. Book value per common share. Book value per preferred share. Earnings per share. Price-earnings per share. Dividend yield . 50 times 14% 18% 20% 32.7% $8.63 Current ratio Quick ratio.. Accounts receivable turnover Days' sales uncollected. Inventory turnover. Days' sales in inventory. Total asset turnover Accounts payable turnover Debt ratio Equity ratio.. Pledged assets to secured liabilities. 1.6:1 1.1:1 16 times 21 days 5 times 70 days 2.3 times $15.00 $1.79 18.2 $0.35 4 times 35% 65% 1.4:1