Balani,

Inc. had net sales of

$53,400,000

for the year ended

May

31,

2018.

Its beginning and ending total assets were

$56,800,000

and

$90,800,000,

respectively. Determine

Balani's

asset turnover ratio for year ended

May

31,

2018.

(Round the asset turnover ratio to two decimal places, X.XX.)