TPowers Company's Financial Statements on December 31,2015,showed the Following

Multiple Choice

T.Powers Company's financial statements on December 31,2015,showed the following:
Net Sales $275,000
Fixed Assets,January 1 $ 73,000
Fixed Assets,December 31 $ 67,000
Total Assets,January 1 $ 97,000
Total Assets,December 31 $100,000
What is the fixed asset turnover for 2015 (rounded to two decimal places) ?

A) 3.93
B) 2.60
C) 4.10
D) 2.79