The company's total asset turnover for Year 2 is closest to:

A) 5.29
B) 0.19
C) 1.04
D) 0.96

Total asset turnover = Sales ÷ Average total assets*
= $1,290,000 ÷ $1,340,000 = 0.96 (rounded)
*Average total assets = ($1,350,000 + $1,330,000)÷ 2 = $1,340,000
Reference: CH14-Ref10
Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600.The market price of common stock at the end of Year 2 was $2.37 per share.