How well has the company managed its investment in plant

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Reference no: EM13573275

The following information relates to a manufacturer of CD players (amounts in millions):

	Year 1	Year 2	Year 3
Sales	$230	$578	$1,024
Average total assets	52	125	279
Net income	30	30	79

Required:

If required, round your answers to two decimal places.

A. Compute the asset turnover ratio for each year.

Year 1
Year 2
Year 3

B. How well has the company managed its investment in plant assets over the three years?

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Reference no: EM13573275

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