Intro Sales for the year were $70,000. The balance sheet at the end of the year is given below: Assets Cash 8,000 Marketable securities Accounts receivable Inventory Current assets 2,000 4,000 41,000 55,000 34,000 80,000 114,000 169,000 Liabilities and Equity Accounts payable 22,000 Notes payable 6,000 Current liabilities 28,000 Long-term debt 95,000 Total liabilities 123,000 Paid-in capital 20,000 Retained earnings 26,000 Equity 46,000 Total liab. & equity 169,000 Machines Real estate Net fixed assets Total assets Part 1 Attempt 1/3 for 8 pts. What is the fixed asset turnover ratio? 2+ decimals Submit Part 2 - Attempt 1/3 for 8 pts. What is the total asset turnover ratio? 3+ decimals Submit