Food Store's financial statements show earnings before interest of $1,091 million, net income of $70 million, sales of $76,733 million, and average total assets of $23,175 million.
How much is Food Store's asset turnover for the year?
A) 3.31
B) 0.31
C) 30.2
D) 4.7
E) There is not enough information to calculate the ratio.
Correct Answer:
Verified
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