Balance Sheet Assets Cash and marketable securities Income statement Net sales (all credit) $10,000,000 $600,000 (3,000,000 Accounts receivable Inventories Prepald expenses Total current assets Fixed assets Less accum. depreciation 900,000 1.500.000 75.000 $3,075,000 8,000,000 12.075,000 Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes income taxes Net Income Common stock shares outstanding Market price (2.000.000 (250.000 (200.000 4,550,000 (1.820,000 $2730,000 Net fixed assets Total assets $5,925.000 $9.000.000 1000,000 3000 Liabilities Accounts payable Notes payable Accrued taxes Total current liabilities Long term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity $800.000 700.000 50.000 $1550.000 2.500.000 4.950.000 $9,000,000 Based on the information in the above table the capital asset turnover ratio is Based on the information in the above table the capital asset turnover ratio is Multiple Choice 27 169 439 480