BE10-14 In its 2005 annual report Target reported beginning total assets of $32.2 billion; ending

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BE10-14 In its 2005 annual report Target reported beginning total assets of $32.2 billion; ending

total assets of $35.0 billion; property and equipment (net) of $19.4 billion; and net sales of

$51.2 billion. 

Compute Target’s asset turnover ratio.