C) The company has cost of goods sold equal of $205,200, gross profit margin of 40 percent, and a net profit margin of 10 percent. Net fixed assets are $140,000 and current assets are $60,000. What is the total asset turnover?

D) Which of the following is likely a correct interpretation of inventory turnover being 7?

a. The company sells its entire inventory 7 times each year.

b. The company delivers inventory to customers every 7 days

c. The company sells its entire inventory every 7 months.

d. The company sells its entire inventory every 7 days

E) A firm decreased its current assets and decreased its current liabilities during the last fiscal year. As a result:

a. the firm's net working capital had to decrease

b. the firm's total asset had to decrease

c. the firm's net working capital could have either increased, decreased, or remained constant.

d. the firm's net working capital had to increase