Deflorio Corporations inventory at the end of Year 2 was $165,000 and its inventory at the end of Year 1 was $150,000. The companys total assets at the end of Year 2 were $1,466,000 and its total assets at the end of Year 1 were $1,416,000. Sales amounted to $1,440,000 in Year 2.The companys total asset turnover for Year 2 is closest to:

Multiple Choice

• 9.15

• 1.02

• 1.00

• 9.14