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The company has net sales revenue of $7.0 million during 2016. The company's records also included the following information: Assets 12/31/15 12/31/16 Property, plant and

The company has net sales revenue of $7.0 million during 2016. The company's records also included the following information:

Assets 12/31/15 12/31/16
Property, plant and equipment $4.0 million $5.9 million
Licensing agreements $2.2 million $2.1 million
Goodwill $2.0 million $2.0 million
Investments $2.1 million $2.2 million

What is the company's fixed asset turnover ratio for 2016?

A.1.00

B.2.51

C.16.97

D.1.41

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