Assume a company provided the following excerpts from balance sheet and income statements shown below Current Annet Total sata Current liabilities Total liabilities Total stockholders' equity Ending Beginning Balance Blanca $ 120,000 140,000 $ 480,000 30,000 $ 30.000 $70,000 5 174,600 $ 174.000 3 305,400 $ 206.000 Salon Coat of goods sold Crose margin Selling and administrative expenses Net operating income Interest expense Net Income before taxes Income taxes Net income $1,000,000 600,000 400,000 250,000 150,000 8.000 142,000 42.600 $ 99,400 The total asset turnover is closest to Multe Chalce 3.75 The total asset turnover is closest to Multiple Choice 3.25 2.52 2.33 187