Final Answer:
An extract of a balance sheet is given below. The total asset turnover ratio for this company is 1.0. so the correct option is 2) 1.0.
Step-by-step explanation:
Total Asset Turnover Ratio: The total asset turnover ratio is a financial metric that measures a company's ability to generate sales from its assets. It is calculated by dividing the net sales by the average total assets.
Calculation: In this case, we are not provided with the specific values for net sales and average total assets. However, the given options present different values for the total asset turnover ratio. We need to choose the one that is most likely based on the information provided.
Identification: The correct option is 2) 1.0. This implies that, on average, the company generates sales equal to its total assets. It indicates an efficient use of assets to generate revenue.