McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two recent years: (amounts are in $ millions)                       Total assets        Net Income             Sales Year 1:           $33,803.70         $5,192.30          $22,820.40 Year 2:           $32,811.20         $5,924.30          $21,025.20 What was McDonald’s asset turnover ratio for Year 2?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two recent years: (amounts are in $ millions)

                      Total assets        Net Income             Sales
Year 1:           $33,803.70         $5,192.30          $22,820.40
Year 2:           $32,811.20         $5,924.30          $21,025.20

What was McDonald’s asset turnover ratio for Year 2?

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