F15 4:07 d Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the questions displayed below.) Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 35,000 $ 70,000 Beginning Balance $ 34,000 $ 55,000 $ 60,700 $165,700 $ 557,000 $ 67,500 $ 152,000 $ 133,000 $ 405,000 $ 557,000 This Year $ 70,000 $ 159,000 $ 586,800 $ 55,500 $136,800 $ 133,000 $450,000 $ 586,800 ces Sales (all on account) Cost of goods sold) Gross margin Net operating income Interest expense Net income $ 825,000 $ 478,500 $346,500 $194,250 $ 10,500 $128,625 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset turnover