Asset Turnover
The Home Depot reported the following data (in millions) in its recent financial statements:
Year 2 Year 1
Sales
$83,176 $78,812
Total assets at the end of the year
39,946 40,518
Total assets at the beginning of the year
40,518 41,084
a. Determine the asset turnover for The Home Depot for Year 2 and Year 1. Round to two decimal places.