The asset turnover from the following is: (Round to nearest tenth)
Gross Sales $70,000
Sales Discount $2,500
Sales returns and allowances $8,000
Total assets $39,000

Question

The asset turnover from the following is: (Round to nearest tenth) 
Gross Sales $70,000
Sales Discount $2,500
Sales returns and allowances $8,000
Total assets $39,000

uri · Answer

You subtract Sales return and allowances and Sales discount from Total assets and add Gross sales. Okay? @loop1234

anonymous · Answer

what?  @uri

anonymous · Answer

That would give me $76,600?

anonymous · Answer

That is no where near my answer choices. That's why I am so confused. 
@uri

uri · Answer

Hold on.

uri · Answer

It's been a year to me doing Accounting....ugh.

anonymous · Answer

ok @uri

anonymous · Answer

These are my answer choices maybe this will ring a bell
A. 117 percent
B. 116 percent
C. 118 percent 
D. 119 percent
None of the Above