Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent.
|
Operating
profit
before tax
|
Earnings
without interest expense (EWI)
|
Average
total assets
|
Sales
|
Tax rate
on operating profit
|
|
$58,300
|
$93,400
|
$360,600
|
$1,135,420
|
35%
|