Asset Turnover
The Home Depot reported the following data (in millions) in its recent financial statements:
Year 2 Year 1
Sales $85,950 $77,520 Total assets at the end of the year 55,200 59,400 Total assets at the beginning of the year 59,400 69,800 a. Determine the asset turnover for The Home Depot for Year 2 and Year 1. Round to one decimal place.
Year 2 fill in the blank 1
Year 1 fill in the blank 2