Use the following to answer questions
The following partial income statement and balance sheet information (in $ millions)comes from the Annual Report of Saratoga Springs Co.for the year ending 12/31/2016:
Required: Compute the following amounts for Saratoga Springs Co.
-Its asset turnover ratio for 2016.Round your answer to two decimal places.
Definitions:
Compliance Report
A document detailing how well a company or individual adheres to required regulations, standards, or laws.
Pharmaceutical Company
An organization engaged in the research, development, production, and marketing of drugs and medications.
Television Ads
Short promotional messages or commercials broadcasted on television to market products, services, or ideas to a wide audience.
Informative Headings
Headings that guide readers to think in a certain way about a topic.
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