On January 1, 2017 Hilldale, Inc. had total assets of $368,000. During the year, the company purchased new machinery worth $90,000 and promised to pay the amount due after two years. Throughout the year, it earned revenue of $53,000 every month. Calculate the asset turnover ratio.

A. 1.8 times

B. 1.16 times

C. 1.39 times

D. 1.54 times