Income Statement Balance Sheet 2016 2017 2017 2016 475 28,880 532 26,039 760 812 Net sales Cost of good sold Depreciation 22,527 21,326 Assets Cash and securities Accounts receivable Inventories Total current assets Net fixed assets 988 911 2,600 2,344 EBIT 3,753 2,369 2,198 2,280 132 129 5,320 5,250 Interest expense Tax (25%) 906 560 7,448 Net Income 2,715 1,680 805 543 Total assets 7,600 Liabilities and Owners' Equity Accounts payable 912 Short-term notes 608 Total current liabilities 1,520 Long-term debt Common stock 1,495 1,348 1,095 1,068 1,403 Retained earnings 3,490 3,629 Total liabilities and owners' equity 7,600 7,448 Given the financial statements for SW Inc. above, comment on the change in asset turnover over the past two years? Asset turnover has declined showing a higher utilization of assets in generating revenue Asset turnover has declined showing a lower utilization of assets in generating revenue Asset turnover is unchanged showing a higher utilization of assets in generating revenue Asset turnover is unchanged showing a lower utilization of assets ing ating revenue Asset turnover has increased showing a lower utilization of assets in genere grevenue