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Use the following selected balance sheet and income statement information for Stevens Co. to compute asset turnover, to the nearest hundredth of a percent. Operating

Use the following selected balance sheet and income statement information for Stevens Co. to compute asset turnover, to the nearest hundredth of a percent.

Operating profit

before tax

Earnings without

interest expense (EWI)

Average

total assets

Sales

Tax rate on operating profit

$120,000

$192,500

$653,000

$1,250,000

35%

Group of answer choices

1.91

0.52

0.29

1.34

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