During 2010, Rathke Corporation Reported Net Sales of $2,000,000, Net

Multiple Choice

During 2010, Rathke Corporation reported net sales of $2,000,000, net income of $1,200,000, and depreciation expense of $100,000. Rathke also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000. Rathke's asset turnover ratio is

A) 2 times.
B) 1.6 times.
C) 1.3 times.
D) .96 times.