A Company Had Average Total Assets of $887,000

Multiple Choice

A company had average total assets of $887,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover equals:

A) 0.81.
B) 0.89.
C) 1.09.
D) 1.13.
E) 1.23.