Consider a firm with the following selected items from the income statement: Interest payments are $15,500, net income is $247,000 and taxes paid are $86,200. On the balance sheet total liabilities are $487,500, notes payable are $83,500, and Total Equity is $334,000. The firm's profit margin is 16%. What is total asset turnover for the firm? 0.531.882.741.11