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Burdick Corporation has provided the following financial data from its balance sheet: Year 2 Year 1 Accounts receivable $266,000 $250,000 Inventory $162,000 $190,000 Total assets

Burdick Corporation has provided the following financial data from its balance sheet:

Year 2 Year 1
Accounts receivable $266,000 $250,000
Inventory $162,000 $190,000
Total assets $1,415,000 $1,390,000
Total stockholders' equity $991,000 $970,000

Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000. The company's total asset turnover for Year 2 is closest to:

0.19

1.01

0.99

5.32

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