From the given income statement and additional information of Carbone Co., compute the following:
a. Asset turnover for 2016
b. Inventory turnover for 2016
c. Accounts receivable turnover for 2016

2016 $840,000 726,000 2015 Net Sales Cost of Goods Sold Gross Profit Operating Expenses (includes taxes) Net Income $780,000 494,000 $114,000 $286,000 169,000 42,000 5117.000 72,000 2016 60,000 92,000 2015 35,000 70,000 Year-End Accounts Receivable Year-End Inventory All sales were on credit Total Assets 230,000 185,000