Selected Current Year Company Information Follows -
the Total Asset Turnover Is:
A) 2

Selected current year company information follows:
$$\begin{array} { | l| r| } \hline \text { Net income } & \$ 15,953 \\\hline \text { Net sales } & 712,855 \\\hline \text { Total liabilities, beginning-year } & 83,932 \\\hline \text { Total liabilities, end-of-year } & 103,201 \\\hline \text { Total stockholders' equity, beginning-year.... } & 198,935 \\\hline \text { Total stockholders' equity, end-of-year } & 121,851 \\\hline\end{array}$$
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The total asset turnover is:

A) 2.24 times
B) 2.81 times
C) 3.64 times
D) 4.67 times
E) 6.28 times