Calculate Company Y's total asset turnover based on the following information for the current year:

Net income	$100,000
Assets at the beginning of the year	$800,000
Assets at the end of the year	$830,000
Net sales	$300,000

Group of answer choices

A. 10.3%

B. 12.3%

C. 32.8%

D. 36.8%

The journal entry to record amortization of a bond premium on a held-to-maturity investment includes a:

Group of answer choices

A. debit to Interest Revenue and a credit to Investment in Bonds.

B. debit to Investment in Bonds and a credit to Interest Revenue.

C. debit to Cash and a credit to Interest Revenue.

D. debit to Cash and a credit to Investment in Bonds.