• Fifo Inc. reports the following information:

  	2019	2018
  Net sales	$5,000	$4,200
  Net income	$120	$140
  Gross profit	$820	$690
  Operating expenses	$400	$300
  Total assets	$3,890	$3,670

  The company reported total assets of $3,760 and net sales of $4,400 in 2017. What was the sales to total assets ratio in 2018?

• 132%

• 115%

• 114%

• 113%