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Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Cash $74,000 $130,000 Accounts receivable $255,000

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement:

Year 2 Year 1
Cash $74,000 $130,000
Accounts receivable $255,000 $240,000
Inventory $173,000 $180,000
Total current assets $564,000 $610,000
Total assets $1,350,000 $1,330,000
Accounts payable $170,000 $160,000
Total liabilities $633,000 $620,000
Total stockholders' equity $717,000 $710,000
Sales (all on account) $1,290,000
Cost of goods sold $700,000

The company's total asset turnover for Year 2 is closest to:

5.29

0.19

1.04

0.96

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