The Miller Company Reported Gross Sales of $850,000, Sales Returns

The Miller Company reported gross sales of $850,000, sales returns and allowances of $5,000 and sales discounts of $5,000. The company has average total assets of $500,000, of which $250,000 is property, plant, and equipment. What is the company's asset turnover ratio? (Round your answer to 2 decimal places.)

A) 0.60 times
B) 1.70 times
C) 1.72 times
D) 1.68 times