Kaleb's Karate Supply had a profit margin of 8 percent, sales of $24.6 million, and total assets of $8.6 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 2.86 times If management set a goal of increasing total asset turnover to 3 times, what would the new sales figure need to be, assuming no increase in total assets? (Enter your answer in dollars, 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 25.80 References eBook & Resources Worksheet Learning Objective: 03-02 Compute and, more important, interpret some common ratios. Difficulty: 1 Basic Section: 3.2 Ratio Analysis