The Asset Turnover from the Following Is (Round to Nearest

Multiple Choice

The asset turnover from the following is (round to nearest tenth) : $$\begin{array} { | l | r | } \hline \text { Gross sales } & \$ 70,000 \\\hline \text { Sales discount } & \$ 2,500 \\\hline \text { Sales returns and allowances } & \$ 8,000 \\\hline \text { Total assets } & \$ 39,000 \\\hline\end{array}$$

A) 1.7
B) 1.5
C) 1.9
D) 1.6
E) None of these