Photo reported the following figures on its December 31,

2016

income statement and balance sheet:

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(Click the icon to view the figures.)Compute the asset turnover ratio for

20162

(Round the asset turnover to two decimal places, X.XX.)

Net sales

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Average total assets

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Asset turnover ratio

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Net sales	$455,000
	Dec. 31, 2016	Dec. 31, 2015
Cash	$22,000	$33,000
Accounts Receivable	68,000	65,000
Merchandise Inventory	72,000	71,000
Prepaid Expenses	9,000	5,000
Property, plant, and equipment, net	225,000	13,000