e annual sales for a firm with $400,000 in debt, a total debt ratio of 0.4, and C) 53,000,00o 13) What an asset turnovee of 3? A) S1,800,000 D) $333,333 B) 51.200,000 it has a higher current ratio, about an average quick ratio, and a lower inventory turnover. What might you assune 14) When Tri-C Corp. compares its ratios to industry averages, A) Its cost of goods sold is relatively low. B) Its current liabilities are relatively low C) lts cash balance is relatively low. D) Its average inventory is relatively high. 15) Which of the following will allow your firm to achieve its targeted 16% ROA with an asset turnover of 2.5? A) An operating profit margin of 6.4% B) A leverage ratio of .0667 C) A return on equity of 25% D) A P/E ratio of 14