LAST YEAR’S ASSET TURNOVER OF JOHVIC COMPANY WAS 3.0. THIS YEAR,...

66. Last year’s asset turnover of Johvic Company was 3.0. This year, the company’s sales

increased by 25% and average total assets decreased by 5%. What is this year’s asset

turnover?

a. 3.9 c. 3.4

b. 3.6 d. 3.1