Flask Company Reports Net Sales of $4,315 Million; Cost of Goods

Multiple Choice

Flask Company reports net sales of $4,315 million; cost of goods sold of $2,808 million; net income of $283 million; and average total assets of $2,136. Compute its total asset turnover.

A) 2.02.
B) 1.31.
C) .76.
D) .13.
E) .50.