Markus Company's common stock sold for $2.00 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 30,500 $ 52,000 $ 49,300 $ 131,300 $ 353,000 $ 52,500 $ 98,000 $ 111,000 $ 255,000 $ 353,000 Beginning Balance $ 46,000 $ 45,000 $ 52,000 $ 143,000 $ 318,200 $ 37,500 $ 88,200 $ 111,000 $ 230,000 $ 318,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Not Income This Year $ 585,000 $ 339,300 $ 245,700 $ 75,500 $ 4,500 $ 49, 700 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset tumover Markus Company's common stock sold for $2.00 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 30,500 $ 52,000 $ 49,300 $ 131, 800 $ 353,000 $ 52,500 $ 98,000 $ 111,000 $ 255,000 $ 353,000 Beginning Balance $ 46,000 $ 45,000 $ 52,000 5 143,000 $ 318, 200 $ 37,500 $ 88,200 $ 111,000 $ 230,000 $ 318,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 585,000 $ 339,300 $ 245, 700 $ 75,500 $ 4,500 $ 49, 700 Foundational 14-14 (Algo) 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Debt-to-equity ratio