Please provide work and an explanation as to why your answer is correct. Also, provide the formula that you used as well. Thanks.

A company has the following information. What is total asset turnover? Average total assets $2,320,600 1.78 Average fixed assets 975,000 o 3.59 Total revenue 3,436,000 o 0.56 Cost of goods sold 2,365,000 o 1.48 531,745 Average inventory 314,785 Average accounts receivable SUBMIT ANSWE Average accounts payable 217,000 I AM FINISHED