Check my work Markus Company's common stock sold for $2.75 per share at the end of this year. The company pold a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total labilities $ 130.000 $ 120,000 Common stock, $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $460.000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 700,000 $ 400,000 $ 300,000 $ 140,000 $ 8,000 $ 92,400 Foundational 14-12 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset to 13 14 15 12 of 15 Next >