The following information is available for our company for the current year: operating income, $75,000; average total assets, $500,000; net sales, $750,000; and required rate of return, 12%. Calculate the asset turnover to two decimal places. 1.25 times 1.50 times 6.67 times 8.75 times Question 10 4 pts The following information is available for our company for the current year: operating income, $45,000; average total assets, $400,000; net sales, $900,000; and required rate of return, 12%. Calculate residual income. ($3,000) $3,000 $45,000 $48,000