Biagas, Inc. had net sales of $ 55,600,000 for the year ended May 31, 2018. Its beginning and ending total assets were $ 52,800,000 and $ 98,500,000, respectively. Determine Biagas's asset turnover ratio for the year ended May 31, 2018. (Round the asset turnover ratio to two decimal places, X.XX.)

Answer rating: 100% (QA)

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