Knowledge Check 01 Provided below are financial data for Integrated Devices Inc. and Allied Corporation. Current Prior Year Year Integrated Devices Inc. Net sales Net income Operating cash flows Total assets Allied Corporation Net sales Net income Operating cash flows Total assets $900,000 $750,000 180,000 120,000 150,000 100,000 800,000 600,000 $500,000 $400,000 90,000 80,000 120,000 100,000 750,000 500,000 Which company had a better asset turnover in the current year? 2 of 3 Multiple Choice O Integrated Devices at 1.29 times O Allied Corporation at 0.67 times O Integrated Devices at 1.13 times Allied Corporation at 0.80 times