Miller Company reported gross sales of $780,000, sales returns and allowances of $6700 and sales discounts of $6700. The company has average total assets of $430,000, of which $215,000 is property, plant, and equipment. What is the company's asset turnover ratio?
A. 1.81 times
B. 0.56 times
C. 1.85 times
D. 1.78 times
Answer: D
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