Refer to the following selected financial information from Texas Electronics Compute the company's working capital for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,000 385,500 Multiple Choice $232.700 $220,000 $147,200 Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for operating expenses usin Net sales as the base. Net sales Cost of goods sold Operating expenses Net earnings Year 2 $ 276,200 151,900 55,240 27,820 Year 1 $231,400 129,590 53,240 19,820 Multiple Choice 36.4% for Year 2 and 41.1% for Year 1. 55.0 for Year 2 and 560% for Year 1 2396 for Year 2 and 23.0% for Yeart 103.8% for Year 2 and 100.0% for Yeart Help Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $ 15,953 712,855 83,932 103,201 198,935 121,851 The total asset turnover is: Multiple Choice 2 24 times 2 81 mes 354 mos 4.67 times