During 2022, Richlieu Corporation reported: Sales...................................................... ... $30,000,000 Net income............................................ ....... 1,500,000 Depreciation expense........................... .......... 400,000 Beginning total assets........................... ... $12,000,000 Ending total assets................................ ..... 20,000,000 Property, plant, and equipment..................... 8,000,000 Accumulated depreciation............................. 2,000,000 Richlieus asset turnover ratio is:

Select one:

2.5 times

1.5 times

1.9 times

1.3 times