Question 18 Not yet answered Points out of 1.00 Remove flag At January 1, Rodney Company had total assets of $1,800,000 and at December 31, its total assets were $2,200,000. Rodney's net sales were $3,700,000 and its net income was $110,000 Rodney's asset turnover ratio is: Select one: a. 1.850 b.0.055 0.0.065 O d. 0.050 Question 19 Not yet answered Points out of 1.00 Remove flag When merchandise that was sold on account is returned using the perpetual inventory system which accounts are affected in the books of the seller? Select one: a. Sales returns, accounts receivable, inventory, and cost of goods sold O b. Sales returns, accounts receivable, purchases, and inventory C.Cash, accounts receivable, cost of goods sold, and sales returns d. Sales returns, accounts receivable, purchases, and cost of goods sold