During the current year, a corporation reported net sales of $3,000,000, net income of $1,320,000, and depreciation expense of $80,000. It 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. Its asset turnover ratio is 0 2.0 times. O 1.2 times. O 3.0 times. 1.5 times. 2.4 times