During 2022, Ronald Corporation Reported Net Sales of $2,000,000, Net

Multiple Choice

During 2022, Ronald Corporation reported net sales of $2,000,000, 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 is

A) 2.0 times.
B) 1.6 times.
C) 1.33 times.
D) 0.72 times.