Using the data provides for Diane Company, what is the asset turnover?

a. 1.00

b. 2.94

c. 0.34

d. 0.18

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets 30,000 20,000 15,000 185,000 250,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities 45,000 70,000 135,000 $250,000 -Common Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross margin Operating expenses Interest expenses Net income $85,000 45,000 $40,000 (15,000) (5.000) Number of shares of common stock outstanding Market price of common stock Total dividends paid Cash provided by operations 6,000 $20 $9,000 $30,000 Using the data provided for Diane Company, what is the asset turnover