The Company Has Net Sales Revenue of $3 What Is the Company's Fixed Asset Turnover Ratio for 2018

Multiple Choice

The company has net sales revenue of $3.6 million during 2018.The company's records also included the following information: $\begin{array}{|l|r|r|}\hline \text { Assets } & \mathbf{1 2 / 3 1 / 1 7} & \mathbf{1 2 / 3 1 / 1 8} \\\hline \text { Property, plant, and equipment } & \$ 2.3 \text { million } & \$ 2.5 \text { million } \\\hline \text { Licensing agreements } & \$ 0.5 \text { million } & \$ 0.4 \text { million } \\\hline \text { Goodwill } & \$ 0.3 \text { million } & \$ 0.3 \text { million } \\\hline \text { Investments } & \$ 0.4 \text { million } & \$ 0.5 \text { million } \\\hline\end{array}$
What is the company's fixed asset turnover ratio for 2018?

A) 18.00
B) 1.33
C) 1.00
D) 1.50