Baldwin has an asset turnover of 1.70 (Asset Turnover = Sales/Assets). That means:

A)Each $1.00 of assets in the firm generates $1.70 of sales revenue.

B)Every $1.70 of profit in the firm comes from each $1.00 of sales.

C)Every $1.70 of assets in the firm generates $1.00 of sales.

D)Every $1.00 of assets in the firm generates $1.70 of profit.