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 $66,832 $184,765 $88,407 Cost of sales 156,208 81,926 Average receivables 4,640 12,673 6,296 Average inventories 4,681 15,028 6,047 Average PP&E 20,247 10,234 26,976 Average total assets 66,119 94,797 48,166 33,449 a. Compute the asset turnover (AT) ratio for each company. (Round your answers to one decimal place.) Asset Turnover 1.01 X Procter & Gamble CVS 1.95 1.84 x Valero Energy 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 14.4 14.58 x Procter & Gamble CVS Valero Energy 7.15 x 3.3 x 10.39 x 18.05 x 14.04 x 13.55 x 3.28 x