During 2024, Reagan Company reported net sales of $2,000,000, net income of $900,000, and depreciation expense of $100,000. Ronald 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. Reagan's asset turnover is 1.6 times. 1.33 times. 0.72 times. 2.0 times