Company X has net sales revenue of $1,410,000, cost of goods sold of $761,600, and all other expenses of $306,000. The beginning balance of stockholders' equity is $416,000 and the beginning balance of fixed assets is $377,000. The ending balance of stockholders' equity is $616,000 and the ending balance of fixed assets is $405,000. The fixed asset turnover ratio is closest to:

1.52

0.54

3.61

1.31