Multiple Choice Question 170 Net sales are $2672000, beginning total assets are $704000, and the asset turnover is 5.0. what is the ending total asset balance? $534400o $364800 $704000 $804000 Multiple Choice Question 178 CraneCorporation reported net income $10500; net sales $350000; and average assets $550000 for 2017. What is the 2017 profit margin? 3,0% o 1.9% 19.1% o 63.6% Multiple Choice Question 187 The following information is available for Crane Company: 2017 360000 Accounts receivable Inventory Net credit sales Cost of goods sold Net income 2016 $337000 340000 460000 2920000 1430000 1700000 845000 296000 173000 he inventory turnover for 2017 is O 5.0 times. O 4.3 times O 3.7 times O 2.5 times. Multiple Choice Question 186 The following information is available for Vaughn Company 2016 Accounts receivable $ 365000 $ 335000 316000 3850000 1350000 832000 2017 Inventory Net credit sales Cost of goods sold 281000 1850000 Net income 306000 180000 The accounts receivable turnover for 2017 is O 10.5 times. O 5.5 times. O 11.0 times 11.5 times