3. Financial information for BAMMMM. follows for year ends 12/31/2020 and 12/31/2019 follow:

	2020	2019
Current Assets	13,000	14,500
Total Assets	48,000	45,500
Total Liabilities	34,000	29,500
Sales	22,000	23,000
Gross Profit	14,000	14,500
Net Income	2,400	2,800

Problem 5.4

The total asset turnover for 2020 is:

Group of answer choices

212.50%

48.13%

47.06%

45.83%