At January 1, Year 1, Batch Company had total assets of $3,250,000 and at December 31, Year 1, its total assets were $4,750,000. Batchs net sales for Year 1 were $12,500,000 and its Year 1 net income was $360,000. Batchs asset turnover ratio for Year 1 is:

0.05

1.56

2.275

3.13