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Selected current year company information follows: Net income .................................................. $ 15,953 Net sales....................................................... 712,855 Total liabilities, beginning-year..................... 83,932 Total liabilities, end-of-year.......................... 103,201 Total stockholders' equity,
Selected current year company information follows:
Net income .................................................. | $ 15,953 |
Net sales....................................................... | 712,855 |
Total liabilities, beginning-year..................... | 83,932 |
Total liabilities, end-of-year.......................... | 103,201 |
Total stockholders' equity, beginning-year.. | 198,935 |
Total stockholders' equity, end-of-year......... | 121,851 |
The total asset turnover is: A. 2.24 times B. 2.81 times C. 3.64 times D. 4.67 times E. 6.28 times
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