Question: Income Ratios and Asset Turnover Briggs & Stratton is the world's largest producer of air-cooled gasoline engines for outdoor power equipment. Its 2011 annual report to stockholders included the following data (in millions):
Using only the data given, compute the
(1) net income percent of average assets,
(2) total revenues,
(3) average stockholders' equity, and
(4) asset turnover (using two different approaches).