Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. Which of the following is the total asset turnover ratio for the business?

A) 0.46 times
B) 2.2 times
C) 3.19 times
D) 26.8 times

Total Asset Turnover Ratio

A financial ratio that measures how effectively a company uses its assets to generate revenue.

Net Fixed Assets

The value of a company's property, plant, and equipment minus any accumulated depreciation, representing the actual value of the company's fixed assets.

Sales

The exchange of goods or services for money, representing the primary revenue generating activity of a business.