During 2014, Ronald Corporation Reported Net Sales of $1,500,000, Net

Multiple Choice

During 2014, Ronald Corporation reported net sales of $1,500,000, net income of $900,000, and depreciation expense of $100,000. Ronald 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. Ronald's asset turnover ratio is

A) 1.5 times.
B) 1.2 times.
C) 0.98 times.
D) 0.72 times.