Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Total assets Plant and equipment: Building (net) Land Total plant and equipment LOGIC COMPANY Comparative Balance Sheet December 31, 2022 and 2023 Assets Long-term liabilities: Mortgage note payable Total liabilities Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Common stock Retained earnings Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity ***********

Calculate the osset turnover ratio. Note: Enter your response as a decimal rounded to 2 places. Calculate the osset turnover ratio. Note: Enter your response as a decimal rounded to 2 places