40) A total asset turnover ratio of 3.5 indicates that: A) For every Si in sales, the firm acquired $3.50 in assets during the period. B) For every $1 in assets, the firm produced $3.50 in net sales during the period. C) For every SI in assets, the firm eamed gross profit of $3.50 during the period. D) For every si in assets, the firm eamed $3.50 in net income. E) For every $1 in assets, the firm paid $3.50 in expenses during the period