Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of S) Assets Cash and securities Accounts receivable Inventories 2019 $4,200 17,500 20,300 $42.000 $28,000 $70,000 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities S22,509 14,391 6,000 $42,900 Long-term bonds $11.000 Total liabilities $53.900 Long-term bonds $11,000 Total liabilities Common stock $53,900 $3,542 12,558 $16.100 Retained earnings Total common equity Total liabilities and equity $70,000 2019 $105,000 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) 97,650 2,100 $5,250 Less interest 1.020 Earnings before taxes (EBT) Taxes $4,230 1,058 Net income $2.538 Other data: Shares outstanding (millions) 500.00 Canan dividendo illinn af C000 S4,230 Earnings before taxes (EBT) Taxes 1,058 Net income $2,538 500.00 $888.30 Other data: Shares outstanding (millions) Common dividends (millions of S) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 6% 40% $60.91 Refer to Exhibit 4.1. What is the firm's total assets turnover? Do not round your intermediate calculations. a. 1.47 b. 1.77 c. 1.50 d. 1.46 e. 1.13