Question: BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $5930 Account payable $9047 Account receivable $4970 Others $1450 Inventory $6821 FIXED ASSETS Total long-term debt $20347 Building

BALANCE SHEET

CURRENT ASSETS

CURRENT LIABILITIES

Cash

$5930

Account payable

$9047

Account receivable

$4970

Others

$1450

Inventory

$6821

FIXED ASSETS

Total long-term debt

$20347

Building & equipment

$35800

You have the following information from the Income Statement

Sales

$40086

Cost of goods sold

$15427

R&D expenses

$2127

Interest

$1652

Corporate tax

$1417

Calculate the Total asset turnover. Enter the two decimal numbers (such as 1234.56) without any sign and symbol.

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