During 2014, Rathke Corporation Reported Net Sales of $3,000,000, Net

Multiple Choice

During 2014, Rathke Corporation reported net sales of $3,000,000, net income of $1,440,000, and depreciation expense of $120,000. Rathke also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $960,000, and accumulated depreciation of $600,000. Rathke's asset turnover ratio is

A) 3.0 times.
B) 2.4 times.
C) 1.9 times.
D) 1.4 times.