2.564.
Given,
Net sales = 4,249,830
Average Total Assets= 1,089,700
Asset Turnover Ratio=Net Sales/Average Total Assets
Asset Turnover Ratio=424983/1089700=2.564
Definition: The asset turnover ratio is the ratio between the value of a company's sales or revenues and the value of its assets. It is an indicator of the efficiency with which a company is deploying its assets to produce revenue. Thus, the asset turnover ratio can be a determinant of a company's performance.
>Asset Turnover Ratio
--The Asset Turnover ratio measures how efficiently the asset invested are being used to generate revenues.
--The resulting figure tells how much $ of sales revenues are being generated for $ 4,249,830 of average total assets.
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