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During 2 0 2 2 , Concord Corporation reported net sales of $ 2 , 6 4 4 , 5 0 0 and net income

During 2022, Concord Corporation reported net sales of $2,644,500 and net income of $1,330,000. Its balance sheet reported average total assets of $1,230,000.
Calculate the asset turnover. (Round answer to 2 decimal places)
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