Exercise 191 (Part Level Submission) Selected financial statement data for Homer Company are presented below.

Cost of goods sold	$1,500,000
Average total assets	700,000
Interest expense	10,000
Net income	205,000
Total assets (ending)	900,000
Total common stockholders' equity (ending)	600,000

Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period.

(a) Calculateasset turnover.(Round answer to 2 decimal placea, e.g. 15.21%.)

Asset turnover

%