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Waterway Company reported the following data: 2025 2026 Sales 3070000 4708800 Net Income 307000 407000 Assets at year-end 1840000 2520000 Liabilities at year-end 1040000 1540000

Waterway Company reported the following data:

	2025	2026
Sales	3070000	4708800
Net Income	307000	407000
Assets at year-end	1840000	2520000
Liabilities at year-end	1040000	1540000

What is Waterway's asset turnover for 2026?

a) 2.56

b) 1.92

c) 1.87

d) 2.16

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