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2. Company A7 has the following balance sheet details as of December 31, 2020: Beginning total assets - $5,000,000 Addition to total assets - $500,000

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2. Company A7 has the following balance sheet details as of December 31, 2020: Beginning total assets - $5,000,000 Addition to total assets - $500,000 Deductions from total assets - $2,000,000 Net income - $3,500,000 Revenues - $8,500,000 . Other gains - $2,500,000 What is the asset turnover ratio of Company A7? 2.75 2.20 2.00 1.60

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