Please show me how to calculate this problem:

During 2007, Sitter Corporation reported net sales of \$2,000,000, net income of \$1,200,000, and depreciation expense of \$100,000. Sitter also beginning total asset of \$1,000,000, ending total asset of \$1,500,000, plant asset of \$800,000, and accumulated depreciation of \$500,000. Sitter’s asset turnover ratio is:

1. 👍
2. 👎
3. 👁
1. 1.3 times

1. 👍
2. 👎

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