14.3 Upwood Sickert Limited has total sales in the year to 31 May 20X6 of £686430. Extracts from the company's balance sheet at that date show fixed assets as follows:

Net book Cost Depreciation value £ £ £

Plant and machinery 200 000 30 000 170 000 Vehicles 106 640 46 655 59 985 Calculate the fixed asset turnover ratio for the year (to two decimal places). Is it:

a) 2.24

b) 0.34

c) 0.45

d) 2.98?