LOGIC COMPANY Comparative Balance Sheet December 31, 2014 and 2015
	2015		2014
Assets
Current assets:
Cash	$	12,000	$	9,000
Accounts receivable		16,500		12,500
Merchandise inventory		8,500		14,000
Prepaid expenses		24,000		10,000
Total current assets	$	61,000	$	45,500
Plant and equipment:
Building (net)	$	14,500	$	11,000
Land		13,500		9,000
Total plant and equipment	$	28,000	$	20,000
Total assets	$	89,000	$	65,500
Liabilities
Current liabilities:
Accounts payable	$	13,000	$	7,000
Salaries payable		7,000		5,000
Total current liabilities	$	20,000	$	12,000
Long-term liabilities:
Mortgage note payable		22,000		20,500
Total liabilities	$	42,000	$	32,500
Stockholders Equity
Common stock	$	21,000	$	21,000
Retained earnings		26,000		12,000
Total stockholders equity	$	47,000	$	33,000
Total liabilities and stockholders equity	$	89,000	$	65,500

Calculate the asset turnover ratio. (Enter your response as a decimal rounded to two places.)

	2015	2014
Asset turnover ratio