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Deflorio Corporation's inventory at the end of Year 2 was $169,000 and its inventory at the end of Year 1 was $154,000. The company's total
Deflorio Corporation's inventory at the end of Year 2 was $169,000 and its inventory at the end of Year 1 was $154,000. The company's total assets at the end of Year 2 were $1,491,000 and its total assets at the end of Year 1 were $1,428,000. Sales amounted to $1,480,000 in Year 2. The company's total asset turnover for Year 2 is closest to:
A. 9.16
B. 0.99
C. 9.04
D. 1.01
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