Dundee Co. reported the following for the current year:

Net sales	$	72,100
Cost of goods sold	$	50,000
Beginning balance of total assets	$	118,000
Ending balance of total assets	$	88,000

Compute total asset turnover.

Total Asset Turnover \begin{tabular}{|l|l|l|l|l|l|} \hline Choose Numerator: & 1 & Choose Denominator: & = & Total Asset Turnover \\ \hline & 1 & & = & Total asset turnover \\ \hline & 1 & & = & times \end{tabular}