E-Bay Inc Provides the Following Data Calculate the Asset Turnover for the Year 2015

e-Bay Inc. provides the following data: $$\begin{array} { | l | r | r | } \hline & \underline { 2015 } & \underline { 2014 } \\\hline \text { Assets } & & \\\hline \text { Current Assets: } & & \\\hline \text { Cash and Cash Equivalents } & \$ 29,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 31,000 & 62,000 \\\hline \text { Merchandise Inventory } & \underline { 53,000 } & \underline { 50,000 } \\\hline \text { Total Current Assets } & \$ 113,000 & \underline { 137,000 } \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 120,000 } & \underline { 120,000 } \\\hline \text { Total Assets } & \underline { \$ 233,000 } & \underline { 257,000 } \\\hline\end{array}$$ $$\begin{array} { | l | r | } \hline \text { Net sales } & \$ 500,000 \\\hline \text { Cost of Goods Sold } & \underline { 150,000 } \\\hline \text { Gross profit } & \$ 350,000 \\\hline\end{array}$$ Calculate the asset turnover for the year 2015.

A) 7.27 times
B) 1.22 times
C) 1.55 times
D) 2.04 times