Table3.1Balance SheetCole Eagan Enterprises12/31/2013Cash$4,500.00Accounts Payable$10,000.00Accounts ReceivableNotes PayableInventoryAccruals$1,000.00Total Current AssetTotal Current LiabilitiesNet Fixed AssetsLong-Term DebtTotal assetsStockholders' EquityTotal Liablitiles &S.E.

Information (2013 values)

1. Sales totaled $110,000
2. The gross profit margin was 15 percent
3. Inventory turnover was 3.0
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 2.40.
8. The debt ratio was 53.8 percent.

Question: Total assets for CEE in 2013 were _______ (See Table 3.1)

A.$124,300

B.$58,603

C.$97,345

D.$45,833