Markus Company's common stock sold for $5.00 per share at the end of this year. The company paid a common stock dividend of $0.80 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 $ 45,000 $ 90,000 $ 72,100 $ 207,100 $ 766,000 $ 88,000 $ 196,000 $ 159,000 $ 570,000 $ 766,000 Beginning Balance $ 42,000 $ 65,000 $ 90,000 $ 197,000 $ 836,400 $ 82,500 $ 176,400 $ 159,000 $ 660,000 $ 836,400 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 1,045,000 $ 606,100 $ 438,900 $ 300,000 $ 15,000 $ 199,500 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset turnover