Seidner, Inc. provides the following data:

	2017	2016
Assets
Current Assets:
Cash and Cash Equivalents	$40,000	$25,000
Accounts Receivable, Net	37,000	62,000
Merchandise Inventory	60,000	50,000
Total Current Assets	$137,000	137,000
Property, Plant, and Equipment, Net	$121,000	120,000
Total Assets	$258,000	$257,000

Net Credit Sales	$550,000
Cost of Goods Sold	(155,000)
Gross Profit	$395,000

Calculate the asset turnover ratio for 2017. (Round your answer to two decimal places.)

A.1.07 times

B.0.60 times

C.2.14 times

D.4.01 times