A company provides the following data:

Annual sales = $40 billion

EBIT profit margin = 5%

Return on assets = 16%

Which of the following statements is correct?

Group of answer choices

The companys average total assets is $12.5 billion, and its Asset turnover is 0.8 times p.a.

The companys EBIT is $64 billion, and its Asset turnover is 0.8 times p.a.

The companys EBIT is $2 billion, and its Asset turnover is 0.8 times p.a.

The companys average total assets is $12.5 billion, and its Asset turnover is 3.2 times p.a.

The companys average total assets is $128 billion, and its Asset turnover is 3.2 times p.a.