Answer:
Asset turnover = 2.4
Explanation:
The formula for asset turnover is denoted by;
Asset turnover = Net sales / Average total assets
Given that;
Net sales = $190 billion
Average total assets = $80 billion
Then,
Asset turnover = $190 billion / $80 billion
Asset turnover = 2.375
Asset turnover = 2.4 approximated.
