Maxwell Corp. wants to achieve an internal growth rate of 7.8 percent and a dividend payout ratio of 40 percent. The profit margin is 6.2 percent and the firm does not use any external financing.

Maxwell Corp. wants to achieve an internal growth rate of 7.8 percent and a dividend payout ratio of 40 percent. The profit margin is 6.2 percent, and the firm does not use any external financing. Compute total asset turnover. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total asset turnover 1.95 times