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 $15,000 and sales discounts of $5,000. The company has total assets of $500,000, of which $250,000 is property, plant, and equipment. What is the company's asset turnover ratio?

A) 3.32 times
B) 1.67 times
C) 1.66 times
D) 1.7 times