Sales for the year were $174,000.

The balance sheet at the end of the year is given below:

Assets			Liabilities and Equity
Cash	8,000		Accounts payable	22,000
Marketable securities	2,000		Notes payable	6,000
Accounts receivable	6,000		Current liabilities	28,000
Inventory	24,000		Long-term debt	95,000
Current assets	40,000		Total liabilities	123,000
Machines	34,000		Paid-in capital	20,000
Real estate	80,000		Retained earnings	11,000
Net fixed assets	114,000		Equity	31,000
Total assets	154,000		Total liab. & equity	154,000

What is the fixed asset turnover ratio?