Hannah Marie Company reported the following asset values in 20X1 and 20X2:

20X2 20X1

Cash $ 45,000 $ 22,000

Accounts receivable 357,000 341,000

Inventory 459,000 303,000

Land 240,000 175,000

Buildings 580,000 460,000

Equipment 275,000 145,000

In addition, Hannah Marie had sales of $1,850,000 in 20X2. Cost of goods sold for the year was $1,380,000.

Compute Hannah Maries fixed asset turnover ratio for 20X2.

1.43

2.12

7.14

1.97

3.43