Suppose a company has depreciation of $16,000, cost of goods sold of $33,000, EBIT of $55,000, net income of $22000, current assets of $35,000 and fixed assets of $53,000, total equity of $28,950. Given this information, the company's total asset turnover is: 0.71 1.079 1.96 1.27 1.18 2.30 2.55