The year-end Year 2 financial statements for Grandier Inc., report net sales of $115,004 million, net operating profit after tax of $4,593 million, net operating assets of $39,502 million. The year-end Year 1 balance sheet reports net operating assets of $41,829 million. The companys year-end Year 2 net operating asset turnover is:

Select one:

a. 2.91

b. There is not enough information to calculate the ratio.

c. 11.6%

d. 11.3%

e. 2.83