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Selected current year company information follows: Net income $ 17,053 Net sales 723,855 Total liabilities, beginning-year 94,932 Total liabilities, end-of-year 114,201 Total stockholders' equity, beginning-year

Selected current year company information follows:

Net income $ 17,053
Net sales 723,855
Total liabilities, beginning-year 94,932
Total liabilities, end-of-year 114,201
Total stockholders' equity, beginning-year 209,935
Total stockholders' equity, end-of-year 138,351

The total asset turnover is (Do not round intermediate calculations.):

Multiple Choice

  • 2.60 times.

  • 2.36 times.

  • 2.37 times.

  • 6.12 times.

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