4. 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