Question: I am unsure of the all the correct numbers to plug into the ratios. Any help is appreciated:

The following information is available for AquaBee Enterprises:

2014 2013

Current liabilities $ 210,000, $245,000

Long-term liabilities $340,000, $420,000

Common stockholders' equity $915,000 $1,100,000

Preferred stockholders equity $135,000 $135,000

Dividends paid to common stockholders $50,400 $42,000

Dividends paid to preferred stockholders $39,400 $12,000

Interest expense $25,000 $21,000

Net income $120,000 $200,000

Income tax expense $42,500 $54,000

Net sales $5,950,000 $6,200,000

Common shares outstanding $80,000 $74,000

Instructions: Calculate each of the following for 2014:

QUESTION

Find Asset turnover = Net sales/ average total assets (not sure what numbers to use for total assets - please include details)

I am just not sure I am plugging in the correct calculations. Thank you