A total asset turnover ratio of 2.6 indicates that:

Multiple Choice For every $1 in sales, the firm acquired $2.6 in assets during the period For every $1 in assets, the firm produced $2.6 in net sales during the period For every $1 in assets, the firm earned gross profit of $2.6 during the period For every $1 in assets, the firm earned $2.6 in net income. For every $1 in assets, the firm paid $2.6 in expenses during the period