Baker Inc. had reported the following details for the year ended December 31, 2012: 
The company's beginning total assets and liabilities were $14,000,000 and $8,000,000, respectively. Calculate the asset turnover ratio for 2012.
A) 1.95 times
B) 1.24 times
C) 1.44 times
D) 1.65 times
Correct Answer:
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