Plum, Inc. provides the following data: 20X9 20X8 Assets Current Assets: Cash and Cash Equivalents $40,000 $25,000 Accounts Receivable, Net 38,000 62,000 Merchandise Inventory 53,000 50,000 Total Current Assets $131,000 137,000 Property, Plant, and Equipment, Net $121,000 120,000 Total Assets $252,000 $257,000 For the year ending December 31, 20X9: Net Credit Sales $560,000 Cost of Goods Sold (170,000) Gross Profit $390,000 There are no cash sales. Calculate the asset turnover ratio for 20X9