Selected current year company information follows: Net income$15,953 Net sales 712,855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year 198,935 Total stockholders' equity, end-of-year 121,851 The total asset turnover is:
A. 2.24 times
B. 3.64 times
C. 2.81 times
D. 6.28 times
E. 4.67 times
Answer: C
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