At January 1, 2019, Peter & Sons Company had total assets of $1,400,000 and at December 31, 2019, its total assets were $1,600,000. Peter & Sons net sales for 2019 were $1,350,000 and its 2019 net income was $120,000. Peter & Sons asset turnover for 2019 is:

Select one:

A. 0.90

B. 0.07

C. 0.08

D. 1.25