Fireworks City
Information for Year 2 and Year 1 Is

Fireworks City
Information for Year 2 and Year 1 is presented below for Fireworks City, which uses the straight-line depreciation method. $$\begin{array} { l r r } & \underline{ \text { Year 2} } & \underline{\text { Year 1 }} \\\text { Property, plant, and equipment }& \$ 250,000 & \$ 190,000\\\text { Accumulated depreciation } & 100,000 & 85,000 \\\text { Depreciation expense }& 62,500 & 47,500\\\text { Net sales } & 1,000,000 & 900,000\\\text { Total assets } &625,000&475,000\\\end{array}$$
-Refer to Fireworks City.What is the asset turnover ratio for Year 2?

A) 1.60 times
B) 4.00 times
C) 4.55 times
D) 7.84 times