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Selected data from the 2015 financial statements of KRJ Manufacturing are presented below. Calculate the total asset turnover for the year, rounded to two decimal

Selected data from the 2015 financial statements of KRJ Manufacturing are presented below. Calculate the total asset turnover for the year, rounded to two decimal places. e.g. 20.00.

Sales $109,663

Gross profits $94,084

Operating profits (EBIT) $34,571

Earnings before taxes (EBT) $27,189

Net profits $17,467

Tax expense 9,549

Depreciation expense $14,702

Total assets, Dec. 31, 2014 $82,905

Total assets, Dec. 31, 2015 $83,331

Total equity, Dec. 31, 2014 $46,228

Total equity, Dec. 31, 2015 $49,950

Cash flow from operations $33,951

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