Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. 
-The asset turnover for National Textile is
Definitions:
Option Contract
A contract which gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a particular date.
Option Premium
The price paid for the right to buy or sell an underlying financial instrument at a specified strike price until the option expires.
Underlying Asset
An asset that determines the value of a financial derivative, such as options or futures.
Put Option
A financial contract giving the buyer the right, but not the obligation, to sell an underlying asset or security at a specified price within a defined time period.
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