Jasper Inc. purchased assets costing $250,000 which will be depreciated 6 years using straight-line depreciation with $40,000 salvage value. Jasper also purchased farm land costing $300,000. Its estimated that in 4 years, the value of these assets will be $225,000. Assume cash profits for the year are &96,000 and for return of investment calculations the company uses end of year asset values. If annual sales average $1,280,000, compute the total asset turnover using gross book value.