A company had net sales of $1,540,500 in Year 1 and $1,495,000 in Year 2.Its average assets were $810,000 for Year 1 and $800,000 for Year 2.(1)Calculate the total asset turnover for each year.(2)Interpret and comment on the company's efficiency in the use of its assets.

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The Answer of A company had net sales of $1,540,500 in Year 1 and $1,495,000 in Year 2.Its average assets were $810,000 for Year 1 and $800,000 for Year 2.(1)Calculate the total asset turnover for each year.(2)Interpret and comment on the company's efficiency in the use of its assets.

A Company Had Net Sales of $1,540,500 in Year 1