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Photo Buy Photo reported the following figures on its December 31, 2024, income statement and balance sheet: (Click the icon to view the figures.) Compute

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Photo Buy Photo reported the following figures on its December 31, 2024, income statement and balance sheet: (Click the icon to view the figures.) Compute the asset turnover ratio for 2024. Round to two decimal places. Net sales Average total assets 11 Asset turnover ratio Data Table - X Net sales Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Property, Plant, and Equipment, net 460,000 Dec. 31, 2024 Dec. 31, 2023 $ 30,000 $ 33,000 60,000 78,000 81,000 75,000 10,000 16.000 130,000 11,000 Choose

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