Exhibit 4.1 The balance sheet and income statement shown below are for Koski Ine. 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 2016 $2,145 Cash and securities 8,970 Accounts receivable 12,480 Inventories $23,595 Total current as $15,405 Net plant and equipment $39,000 Total Liabilities and Equity Accounts payable 57410 Accruals 5.400 Notes payable Total current liabilities 517,160 Long-term bonds $7,800 Total liabilities $24,960 Common stock $5,460 Retained earnings 8,580 $14,040 Total common equity Total liabilities and equity $39,000 2016 $58,500 Income Statement (Millions of 5) Net sales Operating costs except depreciation 54,698 1,024 Depreciation $2,779 829 Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) $1,950 683 Taxes $1,268 Net income LET Taxes 683 Net income $1,268 500.00 Other data: Shares outstanding (millions) Common dividends (millions of S) Intrate on notes payable & L-T bonds $443.63 6.25% Federal plus state income tax rate 35% Year-end stock price $30.42 Refer to Exhibit 4.1. What is the firm's total assets turnover? Do not round your intermediate calculations. a. 1.50 Ob. 1.19 Oc 1.77 d. 1.43 Oe. 1.29