A Firm's Total Equity Is $10 Million and Total Liabilities

Multiple Choice

A firm's total equity is $10 million and total liabilities is $5 million. During the year, its sales equaled to $75 million. Based on the given information, the total assets turnover ratio of the firm is:

A) 10.5 times.
B) 13 times.
C) 15 times.
D) 7.5 times.
E) 5 times.