Question Content AreaThe following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.AssetsCash and short$-$term investments$$30,000$Accounts receivable $($net$)20,000$Inventory$15,000$Property, plant and equipment$185,000$Total Assets$$250,000$ Liabilities and Stockholders' EquityCurrent liabilities$$45,000$Long$-$term liabilities$70,000$Common stock$80,000$Retained earnings$55,000$Total liabilities and stockholders' equity$$250,000$ Income StatementSales$$85,000$ Cost of goods sold$45,000$ Gross margin$$40,000$ Operating expenses$(15,000)$Interest expense$(5,000)$Net income$$20,000$ Number of shares of common stock outstanding$6,000$Market price of common stock$$20$Total dividends paid$$9,000$Cash provided by operations$$30,000$What is the asset turnover for Diane Company?a$.1\mathrm{.}00$b$.0\mathrm{.}34$c$.2\mathrm{.}94$d$.0\mathrm{.}18$