1. Selected current year company information follows:

Net income	$ 16,353
Net sales	716,855
Total liabilities, beginning-year	87,932
Total liabilities, end-of-year	107,201
Total stockholders' equity, beginning-year	202,935
Total stockholders' equity, end-of-year	127,851

The total asset turnover is (Do not round intermediate calculations.):

2.73 times.

2.46 times.

2.28 times.

3.05 times.

2.

MC Qu. 107 Powers Company reported Net...

Powers Company reported Net sales of $1,350,000 and average Accounts Receivable, net of $63,500. The accounts receivable turnover ratio is:

0.47 times.

20.3 times.

40.5 times.

21.3 times.

22.3 times.

3.

Desjardin Landscaping's income statement reports net income of $75,700, which includes deductions for interest expense of $13,000 and income taxes of $36,700. Its times interest earned is:

9.7 times

6.8 times

3.8 times

5.8 times

0.17 times