Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $1.75 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Ending Balance $ 27,000 $ 48,000 Beginning Balance $ 43,800 $ 41,300 $ 48,000 $ 45,100 $ 120,100 $ 312,000 $ 49,500 $ 82,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 105,000 $ 230,000 $ 190,000 Total liabilities and stockholders' equity $ 312,000 $ 263,800 This Year Sales (all on account) $ 580,000 Cost of goods sold Gross margin Net operating income Interest expense Net income $ 336,400 $ 243,600 $ 49,500 $ 3,000 $ 32,550 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset turnover