Question 12 Selected current year company information follows: Net income $15,953 Net sales 712,855 Total liabilities, beginning-year 83.932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year 198,935 Total stockholders' equity, end-of-year 121,851 The total asset turnover is: 2.24 times 2.81 times 3.64 times O 4.67 times O 6.28 times U Question 13 The changes in financial statement items from a base vear to following year