An explanation would be awesome!

On January 1, 2017 Hillop, Inc. had total assets of $362,000. During the year, the company purchased new machinery worth $80,000 and promised to pay the amount due after two years. Throughout the year, it earned revenue of $59,000 every month. Calculate the asset turnover ratio. 0 A. 1.76 times 0 B. 1.02 times OC. 1.60 times O D. 1.82 times