I am looking for the correct answer to this general accounting question with appropriate explanations.

The following information is available for our company for the current year: e Operating income: $50,000 e Average total assets: $500,000 e Net sales: $1,000,000 e Required rate of return: 10% Calculate the asset turnover to two decimal places. a) 1.50 times b) 2.00 times c) 2.50 times d) 3.00 times