During 2017, Phelps Corporation reported net sales of $2,500,000, net income of $1,320,000, and depreciation expense of $80,000. Phelps also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000. Phelpss asset turnover is

• A. 1.3 times

• B. 1.1 times

• C. 1.7 times

• D. 2.0 times