The following information is provided for Sandhill Company and Indigo Corporation.

(in $ millions)	Sandhill Company			Indigo Corporation
Net income 2022	$145			$415
Net sales 2022	1225			4500
Total assets 12/31/20	1060			2080
Total assets 12/31/21	1275			3020
Total assets 12/31/22	1200			4060

What is Sandhill's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.)

0.34 times

0.53 times

0.99 times

2.95 times

Answer rating: 100% (QA)

Solution The correct answer is 099 Explanation Assets turnover Net sale... View the full answer