The Lumber Division
the Lumber Division of Home Innovations Company

Multiple Choice

The Lumber Division
The Lumber Division of Home Innovations Company reported the following results for a recent year
$\begin{array}{ll}\text {Sales } & \$ 8,000,000 \\\text {Expenses } & 6,250,000\\\\text { Total assets(1/1) } & 5,000.000\\\text { Total assets(12/31) } & 5,400.000\end{array}$


Refer to the Lumber Division
What was the asset turnover ratio of the Lumber Division?

A) 1.538
B) 2.97
C) 0.650
D) 1.20