Roberts Logistics Provides the Following Information What Is the Company's Asset Turnover Ratio? (Round Your Answer

Multiple Choice

Roberts Logistics provides the following information: $$\begin{array} { | l | r | } \hline \text { Operating income } & \$ 1,600,000 \\\hline \text { Net sales } & \$ 13,500,000 \\\hline \text { Average total assets } & \$ 2,000,000 \\\hline \text { Management's target rate of return } & 20 \% \\\hline\end{array}$$ What is the company's asset turnover ratio? (Round your answer to two decimal places.)

A) 3.75
B) 4.12
C) 10.55
D) 6.75