Non-current asset turnover using expected sales and opening assets Steps:

• Note expected sales revenue for 2018: $500,000.
• Note opening non-current assets on 1 January 2018: $300,000.
• Use formula: non-current asset turnover = sales revenue ÷ opening non-current assets.
• Calculate: $500,000 ÷$300,000 = 1.6667 ≈ 1.7 times.

Why A is correct:

• The ratio measures efficiency using expected sales and opening assets per standard formula when mid-year changes are not incorporated.

Why the others are wrong:

• B: Uses approximate average assets ($500,000 ÷$357,000 ≈ 1.4) instead of opening balance.
• C: Misapplies weighted average or partial sales adjustment ($500,000 ÷$347,000 ≈ 1.44).
• D: Adds full sales increase without proper asset averaging ($700,000 ÷$402,000 ≈ 1.74).

Final answer: A