The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $)	2021
Assets
Cash and securities		$	4,800
Accounts receivable			15,000
Inventories			16,200
Total current assets		$	36,000
Net plant and equipment			24,000
Total assets		$	60,000
Liabilities and Equity
Accounts payable		$	21,666
Accruals			9,734
Notes payable			5,000
Total current liabilities		$	36,400
Long-term bonds			11,000
Total liabilities		$	47,400
Common stock			3,780
Retained earnings			8,820
Total common equity		$	12,600
Total liabilities and equity		$	60,000
Income Statement (Millions of $)	2021
Net sales		$	114,000
Operating costs except depreciation			106,020
Depreciation			1,920
Earnings before interest and taxes (EBIT)		$	6,060
Less interest			960
Earnings before taxes (EBT)		$	5,100
Taxes (25%)			1,275
Net income		$	3,825
Other data:
Shares outstanding (millions)			500.00
Common dividends (millions of $)		$1,338.75
Int. rate on notes payable & L-T bonds			6%
Federal plus state income tax rate			25%
Year-end stock price			$91.80

What is the firm's total assets turnover? Do not round your intermediate calculations.

a. 3.13

b. 1.90

c. 3.17

d. 2.60