The ABC Depot reported the following data (in millions) in its recent financial statements: a. Determine the asset turnover ratio for ABC Depot for Year 2 and Year 1. Round to one d b. What does an asset turnover ratio indicate? 1. Effectiveness in the use of assets to generate revenue. 2. Effective use of revenue to create assets. 3. Effective use of assets to reduce cost. 4. Effective use of assets to increase assets