Question Completion Status: 73,000 106,500 42.000 221,500 230,000 401.000 852.500 Consider the following financial data for Ben's Home Accessories: Statement of Financial Position as of December 31, 2012 Cash & equivalents $ 47,500 Accounts payable $ Accounts receivable 136,500 Notes payable Inventones 175.500 Accruals Total current assets $ 359,500 Total short-term liab Long-term debt Net fixed assets 493.000 Common equity Total assets 852.500 Total liabilities & equity Statement of Earnings for the Year Ended December 31, 2012 Sales $ 401,000 Cost of merchandise sold 248.500 Gross profit $ 152,500 Operating expenses 73.000 Earns before interest and taxes (EBIT) $ 79,500 Interest pense 47.000 Emin before taxes (EBT) $ 32,500 Federal and state income taxes (40 percent) 13.000 Net income 19.500 Calculate Ben's total asset tumover. a 2.29 5.2.28 Click Save and Submit to some and be. Click Save All Ansuners to see all answers. i Question Completion Status: Inventories Total current assets Net fixed assets Total assets Sales Cost of merchandise sold Gross profit Operating expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (40 percent) Net income Tuovo STUCE 175.500 Accruals $ 359,500 Total short-term liab Long-term debt 493.000 Common equity $ 852.500 Total liabilities & equity Statement of Earnings for the Year Ended December 31, 2012 $ 401,000 248.500 $ 152,500 73.000 $ 79,500 47.000 $ 32,500 13,000 19.500 Calculate Ben's total asset turnover. O a. 2.29 b.2.28 O 0.47 O d. 1.72 Oe. 11.11 Click Save and Submit to save and submit. Click Save All Answers to save all answers