Westport Company reports the following in millions: net sales of $25,300 for Year 2 and $22,640 for Year 1; end-of-year total assets of $14,875 for Year 2 and $13,680 for Year 1.Compute its total asset turnover for Year 2 and assess its level if competitors average a total asset turnover of 2.0 times.

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The Answer of Westport Company reports the following in millions: net sales of $25,300 for Year 2 and $22,640 for Year 1; end-of-year total assets of $14,875 for Year 2 and $13,680 for Year 1.Compute its total asset turnover for Year 2 and assess its level if competitors average a total asset turnover of 2.0 times.

Westport Company Reports the Following in Millions: Net Sales of $25,300