The following information applies to the questions displayed below.]
| Google has the following selected data ($ in millions): |
|
2009 |
2008 |
| Net sales |
$10,603 |
$ 6,145 |
| Net income |
3,083 |
1,460 |
| Operating cash flows |
3,574 |
2,451 |
| Total assets |
18,472 |
10,267 |
|
Exercise 11-12 Part 3
| 3. |
Calculate the cash flow to sales ratio and the asset turnover ratio. (Do not round the Average Total Assets. Round your answers to 2 decimal places.)
|
|
|
|
|
|
|
| Cash flow to sales |
33.70 |
% |
| Asset turnover |
|
times |
|
what is the asset turnover? |
|