-If Antarctica Has Average Total Assets of $750,000, What Is

Multiple Choice

$\begin{array}{l}\text { Antarctica Cruises Inc. provided the following data for } 20 \mathrm { X } 1 \text { : }\\\begin{array} { | l | r | } \hline \text { Sales } & \$ 1,250,000 \\\hline \text { Cost of sales } & 787,500 \\\hline \text { Selling \& Admin. expenses } & 252,300 \\\hline \text { Income tax expense and paid } & 27,400 \\\hline \text { Interest expense } & 41,000 \\\hline \text { Interest paid } & 44,000 \\\hline \text { Cash from operating activities } & 246,000 \\\hline \text { Tax rate } & 40 \% \\\hline\end{array}\end{array}$
-If Antarctica has average total assets of $750,000, what is their total asset turnover?

A) 2.69
B) 1.67
C) .85
D) .60