MAKO Inc. has annual credit sales of $12$ lakhs and a net income of $90,000.$

Their balance sheet reflects an inventory of $4$ lakhs, average accounts

receivable of $2\mathrm{.}4$ lakhs, the total debt of $23$ lakhs, and total equity of $25$

lakhs. MAKO is open $365$ days a year. Which one of the following is correct?

Note: In the absence of cost of goods sold data, credit sales can be used.

The total asset turnover is $25$

The average collection period is $73$ days

The debt to asset ratio is $92\%$

The inventory turnover rate is $4$