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Quick question: I need help with this asset turnover ratio in red. thank you Condensed balance sheet and income statement data for Landwehr Corporation appear

Quick question: I need help with this asset turnover ratio in red. thank you

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Condensed balance sheet and income statement data for Landwehr Corporation appear below. LANDWEHR CORPORATION Balance Sheets December 31 2018 2017 Cash $ 25,000 $ 20,000 Accounts receivable (net) 50,000 45,000 Other current assets 90,000 95,000 Investments 75,000 70,000 Plant and equipment (net) 400,000 370,000 $640,000 $600,000 Current liabilities $75,000 $80,000 Long-term debt 80,000 85,000 Common stock, $10 par 340,000 310,000 Retained earnings 145,000 125,000 $640,000 $600,000 2016 $ 18,000 48,000 64,000 45,000 358,000 $533,000 $70,000 50,000 300,000 113,000 $533,000 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 Sales revenue $740,000 Less: Sales returns and allowances 40,000 Net sales 700,000 Cost of goods sold 420,000 Gross profit 280,000 Operating expenses (including income taxes) 235,000 Net income $ 45,000 2017 $700,000 50,000 650,000 400,000 250,000 220,000 $30,000 Additional information: 1. The market price of Landwehr's common stock was $4, $5, and $8 for 2016, 2017, and 2018, respectively. 2. All dividends were paid in cash. (a) Compute the following ratios for 2017 and 2018. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2017 2018 (1) Profit margin 4.6% 6.41% 1.13 times (2) Asset turnover (3) Earnings per share. (Weighted average common shares in 2018 were 32,000 and in 2017 were 31,000.) (4) Price-earnings ratio 1.41 5.7 times 60.01% 55.6% (5) Payout ratio (6) Debt to assets ratio 27.5% 24.2% Cow S ON

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