Question: You have been provided with the data for the last three year for ABC Company. Compute the companys asset turnover for the two most recent
You have been provided with the data for the last three year for ABC Company. Compute the companys asset turnover for the two most recent years (2022 and 2021) ensuring you show your work
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| 2022 | 2021 | 2020 |
| Total Assets | $600,000 | $375,000 | $450,000 |
| Total Liabilities | $300,000 | $90,000 | $170,000 |
| Total Shareholders' Equity | $300,000 | $285,000 | $280,000 |
| Sales | $1,500,000 | $900,000 | $820,000 |
| Profit | $140,000 | $120,000 | $110,000 |
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