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Photo Pro Photo reported the following figures on its December 31, 2024, income statement and balance sheet: Compute the asset turnover ratio for 2024.

Photo Pro Photo reported the following figures on its December 31, 2024, income statement and balance sheet: Compute the asset turnover ratio for 2024. Round to two decimal places. Data table Net sales $ H = 470,000 Asset turnover ratio - X Dec. 31, 2024 Dec. 31, 2023 Cash $ EA 22,000 $ 27,000 Accounts Receivable 44,000 56,000 Merchandise Inventory 76,000 75,000 Prepaid Expenses 8,500 9,000 Property, Plant, and Equipment, net 180,000 16,000

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