A fixed asset turnover ratio of 1.65 for a company indicates that:

a. a company has $1.65 of long term debt for every dollar of fixed asset.

b. a company has $1.65 of current assets for every dollar of fixed asset.

c. a company is generating $1.65 of sales per average dollar of fixed asset.

d. a company is generating $1.65 of net income per average dollar of fixed asset.