Question: Computing Turnover Ratios for Companies in Different Industries Selected data from recent financial statements of The Procter & Gamble Company, CVS Health Corporation, and Valero

Computing Turnover Ratios for Companies in Different Industries Selected data from recent financial statements of The Procter & Gamble Company, CVS Health Corporation, and Valero Energy Corporation are presented below: ($ millions) Procter & Gamble CVS Health Valero Energy Sales $111,680 $38,006 $138,987 Cost of sales 50.391 10,167 119,719 Average receivables 6,172 1,257 6,645 Average inventories 7,050 113 5,285 Average PP&E 20,835 22,448 23.923 Average total assets 135,299 40,202 32,483 a. Compute the asset turnover (AT) ratio for each company. (Round your answers to one decimal place.) Asset Turnover Procter & Gamble 0 CVS 0 Valero Energy 0 b. Compute the accounts receivable turnover (ART), inventory turnover (INVT), and PP&E turnover (PPET) for each company. (Round your answers to one decimal place.) ART INVT PPET Procter & Gamble 0 CVS Valero Energy 0 0 0 0 0 0 0 0
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