Pizza, Inc For the Year Ending December 31, 2019 Calculate the Asset Turnover Ratio for 2019

Pizza, Inc. provides the following data: $$\begin{array} { | l | r | r | } \hline & 2019 & 2018 \\\hline \text { Assets } & & \\\hline \text { Current Assets: } & & \\\hline \text { Cash and Cash Equivalents } & \$ 30,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 37,000 & 62,000 \\\hline \text { Merchandise Inventory } & \underline { 59,000 } & \underline { 50,000 } \\\hline \text { Total Current Assets } & \$ 126,000 & 137,000 \\\hline \text { Property, Plant, and Equipment, Net } & \$ 124,000 & \underline { 120,000 } \\\hline \text { Total Assets } & \$ 250,000 & \$ 257,000 \\\hline\end{array}$$ For the year ending December 31, 2019:
$$\begin{array} { | l | r | } \hline \text { Net Credit Sales } & \$ 510,000 \\\hline \text { Cost of Goods Sold } &( \$ 160,000) \\\hline \text { Gross Profit } & \$ 350,000 \\\hline\end{array}$$ Calculate the asset turnover ratio for 2019. There are no cash sales. (Round your answer to two decimal places.)

A) 4.05 times
B) 1.01 times
C) 0.64 times
D) 2.01 times