Answer:
The answer is D.
Explanation:
Asset turnover ratio is:.
Net sales(revenue) / Total asset
Asset turnover = 1.1
Net sales = $110
Total assets = 110/1.1
= $100.
And we are looking for net income, from the given data, it is being seen that data given cannot be used to calculate net income i.e we are unable to tell from the available data in the question.
