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A firm has the following figures in its annual report: Income Statement: Balance Sheet Items: Sales Cost of Goods Sold EBIT Net Income 105 145

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A firm has the following figures in its annual report: Income Statement: Balance Sheet Items: Sales Cost of Goods Sold EBIT Net Income 105 145 335 Current Assets375 2,229 1,220 Receivables Inventory 845 197 Total Assets Current Liabilities 122 Long term Debt 777 Stockholders Equity 1,330 Compute the firm's asset turnover ratio. A. 0.55 times B. 0.92 times C. 1.83 times D. 2.64 times

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