Pizza, Inc. provides the following data:

​ 2019 2018
Assets ​ ​
Current Assets: ​ ​
Cash and Cash Equivalents $30,000 $25,000
Accounts Receivable, Net 37,000 62,000
Merchandise Inventory 59,000 50,000
Total Current Assets $126,000 137,000
Property, Plant, and Equipment, Net $124,000 120,000
Total Assets $250,000 $257,000

For the year ending December 31, 2019:

Net Credit Sales $510,000
Cost of Goods Sold (160,000)
Gross Profit $350,000

Calculate the asset turnover ratio for 2019. There are no cash sales. (Round your answer to two decimal places.)

a. 2.01 times

b.4.05 times

c.1.01 times

d. 0.64 times