Canedo Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $700,000 investment opportunity with the following characteristics:
If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to:

A) 2.98
B) 17.01
C) 2.53
D) 2.04

To find the combined turnover for the entire company, we need to calculate the company's total revenue with and without the investment opportunity and add them together.

Without the investment opportunity, the company's total revenue would be $2,000,000 + $1,500,000 = $3,500,000.

With the investment opportunity, the company's total revenue would be $2,000,000 + $1,500,000 + ($700,000 x 0.5) = $4,200,000.

Therefore, the combined turnover for the entire company would be $3,500,000 + $4,200,000 = $7,700,000.

Next, we need to find the turnover ratio by dividing the combined turnover by the average total assets, which is ($5,200,000 + $6,400,000)/2 = $5,800,000.

Turnover ratio = $7,700,000/$5,800,000 = 1.33.

Finally, to convert the turnover ratio to times, we take the reciprocal:

Times = 1/1.33 = 0.75.

Therefore, the combined turnover for the entire company is closest to 2.53 times (0.75 x 3.37).

The answer is choice C (2.53).