Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 54,000 $ 48,200 Accounts receivable $ 102,000 $ 73, 700 Inventory $ 82,000 $ 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $ 998,000 Current liabilities $ 93,000 $ 103,500 Total liabilities $ 220,000 $ 198,000 Common stock, $1 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 $ 800,000 Total liabilities and stockholders' equity $ 900,000 $ 998,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 1,210,000 $ 701,880 $ 508,200 $ 378,000 $ 18,000 $ 252,000 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Totalassotturnover Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 54,000 $ 48,200 Accounts receivable $ 102,000 $ 73,700 Inventory $ 82,000 $ 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $ 998,000 Current liabilities $ 93,800 $ 103,500 Total liabilities $ 220,000 $ 198,000 Common stock, $1 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 $ 800,000 Total liabilities and stockholders' equity $ 900,000 $ 998,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $1,210,000 $ 701,800 $ 508,200 $ 378,000 $ 18,000 $ 252,000 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