During 2017, Noah Co. sold equipment that had cost $200.000 for $170,000. This resulted in a pain of $12.000. The balance in Accumulated Depreciation-Equipment was $850,000 on January 1, 2017 and $900.000 on December 31. No other guiment was disposed of during 2017. Depreciation expense for 2017 was: $61.000 62.000 S92.000 $80.000 Smith Company has a net sale of $480,000 in 2018 and a net income of $120,000. The total assets are $2 million on January 1, 2018 and $2.3 million on December 31, 2018. What is the company's assets turnover ratio in 2018