Please Calculate the Asset Turnover Rate If Sales = $18,000,000;

Multiple Choice

Please calculate the asset turnover rate if sales = $18,000,000; cost of goods sold = $10,000,000; and total assets managed = $10,000,000:

A) 1.8.
B) .67.
C) 1.2.
D) 1.5.
E) .83.