The assets of Moreland Corporation are presented below.

	January 1	December 31
Cash	$48,000	$62,000
Marketable securities	42,000	35,000
Accounts receivable	68,000	47,000
Inventory	125,000	138,000
Plant & equipment (net of accumulated depreciation)	325,000	424,000

For the year just ended, Moreland had net income of $96,000 on $900,000 of sales. Morelands total asset turnover ratio is:

a. 1.27.

b. 1.37.

c. 1.48.

d. 1.50.