Baker, Inc. had reported the following details for the year ended December 31, 2017: 
The company's beginning total assets and liabilities were $16,000,000 and $9,700,000, respectively. Calculate the asset turnover ratio for 2017.
A) 2.19 times
B) 1.19 times
C) 1.72 times
D) 1.56 times
Correct Answer:
Verified
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