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Provided below are financial data for Integrated Devices Inc. and Allied Corporation. Current Year Prior Year $ 900,000 $750,000 180,000 120,000 150,000 100,000 800,000 600,000

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Provided below are financial data for Integrated Devices Inc. and Allied Corporation. Current Year Prior Year $ 900,000 $750,000 180,000 120,000 150,000 100,000 800,000 600,000 Integrated Devices Inc. Net sales Net income Operating cash flows Total assets Allied Corporation Net sales Net income Operating cash flows Total assets $ 500,000 $ 400,000 90,000 80,000 120,000 100,000 750,000 500,000 Which company had a better asset turnover in the current year? Multiple Choice Integrated Devices at 1.29 times Allied Corporation at 0.67 times Integrated Devices at 1.13 times Allied Corporation at 0.80 times

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