Barker, Inc. had reported the following details for the year ended December 31, 2019:

Net sales	$25,250,000
Total assets	17,000,000
Total liabilities	9,700,000

The company's beginning total assets and liabilities were $15,000,000 and $8,400,000 respectively. Calculate the asset turnover ratio for 2019. (Round your answer to two decimal places.)

A. 1.19 times

B. 1.58 times

C. 2.04 times

D. 1.5 times