Required information [The following information applies to the questions displayed below.] Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31 . Following are the correct balances at December 31 for the accounts both before and after the adjusting entries. 4. Compute the total asset turnover ratio, ossuming total assets at the beginning of the year were $110,000. Note: Round your answer to 2 decimal places