seidner, inc. provides the following data: 2017 2016assetscurrent assets: cash and cash equivalents $40,000 $25,000accounts receivable, net 37,000 62,000merchandise inventory 60,000 50,000total current assets $137,000 137,000property, plant, and equipment, net $121,000 120,000total assets $258,000 $257,000net credit sales $550,000cost of goods sold (155,000 )gross profit $395,000calculate the asset turnover ratio for 2017. (round your answer to two decimal places.)

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers? a. change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. b. eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. c. for a firm that compensates managers with stock options, reduce the time before options are vested, i.e., the time before options can be exercised and the shares that are received can be sold. d. pay managers large cash salaries and give them no stock options. e. beef up the restrictive covenants in the firm's debt agreements.