Question: Tea Time Company reported the following data: 2 0 2 5 2 0 2 6 Sales 3 , 0 0 0 , 0 0 0

Tea Time Company reported the following data:
2025
2026
Sales
3,000,000
4,800,000
Net Income
300,000
400,000
Assets at year-end
1,800,000
2,500,000
Liabilities at year-end
1,100,000
1,500,000
What is their Asset Turnover for 2026? Your answer should include 2 decimal places--i.e.1.45

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