The following data has been taken from the financial statements of TATA industries: . Net sales: $65000 Sales returns: $2,500 Assets at the beginning of the year: $78,000 Assets at the end of the year: $72,000 . Required: Compute assets turnover ratio for the TATA industries. Select one: a. 0.90 b. 0.85 c. 0.83 d. 0.87 At December 31 a company's records show the following information: Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity $ 10,000 30,000 80,000 6,000 200,000 30,000 25,000 5,000 70.000 196,000