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Kaleb s Karate Supply had a profit margin of 1 1 percent, sales of $ 2 7 . 4 million, and total assets of $

Kalebs Karate Supply had a profit margin of 11 percent, sales of $27.4 million, and total assets of $7.9 million.
What was the total asset turnover?
Note; Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
If management set a goal of increasing total asset turnover to 3.5 times, what would the new sales figure need to be, assuming no increase in total assets?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, e.g.,1,234,567.

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