1. A company has computed that their asset turnover is 3. Which of the following statements is the best interpretation of these results?

   		For every $3 invested in assets, $1 in sales is generated.
   		For every $1 invested in assets, $3 in sales is generated.
   		For every $3 of sales, $1 of net profit is generated.
   		For every $3 invested in assets, $1 in net profit is generated.