LaPorta Company and Lott Corporation, two corporations of roughly the same size, are both involved in the manufacture of in-line skates. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the following information. LaPorta Co. Lott Corp. Net income $ 770,000 $1,070,000 Sales revenue 1,222,500 1,181,500 Average total assets 2,550,000 2,030,000 Average plant assets 1,800,000 1,030,000

(a) For each company, calculate the asset turnover.