The Following Information Was Available for the Year Ended December

Multiple Choice

The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } \text { Sales } & \$ 300,000 \\\text { Net incone } & 50,000 \\\text { Average total assets } & 750,000 \\\text { Average total stockholders' equity } & 500,000\end{array}$$ Turnover for the year ended December 31, 2019 was:

A) 0.2
B) 0.4
C) 0.5
D) 0.8