18. Eat-My-Dust (EMD) Inc. has an asset turnover ratio of 4.0 in 2018, double what it was in 2017. This implies that a) b) c) EMD's earnings per share has improved significantly in 2018, compared to 2017. EMD's financial performance has improved significantly in 2018, compared to 2017. EMD seems to be using its assets more efficiently to generate sales in 2018, compared to 2017. a) and c). a), b) and c). d) e) 19. Happy Motors, Inc. had a retained earnings balance of $28,000 on January 1, 2019 and $38,000 on December 31, 2019. During the year, the company recorded total revenue of $35,000 and declared dividends of $4,000. Total expenses for year 2019 were: a) $11,000. $41,000. $21,000. $25,000 $28,000. 10