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E9-27 Computing asset turnover ratio Learning Objective 6 Blackerby Photo reported the following figures on its December 31, 2018, income statement and balance sheet Net sales $ 441,000 Deo. 31, 2018 Dec. 31, 2017 Cash $31,000 $30,000 Accounts Receivable 68,000 65,000 80,000 79,000 Merchandise Inventory Prepaid Expenses Property, plant, and equipment, net 16,000 5,000 175,000 18,000 Compute the asset turnover ratio for 2018 Round to two decimal places