Kaleb's Karate Supply had a profit margin of 12 percent, sales of $27.8 million, and total assets of $7.8 million What was the total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16) Total asset turnover If management set a goal of increasing total asset turnover to 3.75 times, what would the new sales figure need to be, assuming no increase in total assets? (Enter your answer in dollars times not millions of dollars, e.g. 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole dollar, e.g., 32.) Sales References eBook & Resources Learning Objective: 03-02 Compute and, more important, interpret some common ratios Worksheet Difficulity: 1 Basic Section: 3.2 Ratio Analysis