$\backslash$table$[[$H & H TOOL$],[$Balance Sheet$],[$At December $31,2023],[$Assets$,$Liabilities$],[$Current assets:,,,Current liabilities:,,$],[$Cash$,0$$$,49,$Accounts payable,$0A,21],[$Accounts receivable,$gra{d}^A,23,$Wages payable,$gra{d}^A,16],[$Supplies$,gra{d}^{**},18,$Interest payable,${}^A,1],[,,$Income taxes payable,${}^A,11],[$Total current assets,,$90,$Total current liabilities,,$49],[$Property$,$ plant and equipment:,,,Notes payable, long$-$term,${}^A,15],[$Land$,{}^{**},13,,,],[$Equipment$,{}^{**},78,$Total liabilities,,$64],[$Accumulated depreciation$-$equipment,${}^A,(18),$Stockholders' equity$],[,,$Common stock,grad$$,6],[$Net property, plant, and equipment,,$73,$Additional paid$-$in capital,${}^{**},82],[$Other noncurrent assets,${}^{**},22,$Retained earnings,${}^A,33],[,,$Total stockholders' equity,,$121],[$Total assets,$$,185,\backslash$table$[[$Total liabilities and stockholders'$],[$equity$]],$$$,185]]$

Calculatr

others Herm and Steve Hargenrater began operations of their tool and die shop $($H & H Tool$)$ on January $1,1987,$ in zadville, PA$.$ The annual reporting period ends December $31.$ Assume that the trial balance on January $1,2023,$ was follows:

$\backslash$table$[[\backslash$table$[[$H & H Tool$],[$Trial Balance on January $1,2023],[($dollars in millions, except par value$)]],$Debit,Credit$],[$Cash$,6,],[$Accounts receivable,$5,],[$Supplies$,13,],[$Land$,,],[$Equipment$,78,],[$Accumulated depreciation $($on equipment$),,8],[\backslash$table$[[$Other$.$ noncurrent assets $($not detailed to simplify$)],[$Accounts payable$]],7,],[$Wages payable,,$],[$Interest payable,,$],[$Dividends payable,,$],[$Income taxes payable,,$],[$Long$-$term notes payable,,$],[$Common stock $(8$ million shares, $$0\mathrm{.}50$ par value$),,4],[$Additional paid$-$in capital,,$80],[$Retained earnings,,$17],[$Service revenue,,$],[$Depreciation expense,,$],[$Supplies expense,,$],[$Wages expense,,$],[$Interest expense,,$],[$Income tax expense,,$],[\backslash$table$[[$Miscellaneous expenses $($not detailed to simplify$)],[$Totals$]],109,109]]$

ansactions during $2023$ follow. All dollars are in millions, except per share amounts:

Borrowed $$15$ cash on a five$-$year, $8$ percent note payable, dated March $1,2023.$

Sold $4$ million additional shares of common stock for cash at $$1$ market value per share on January $1,2023.$

Purchased land for a future building site; paid cash, $$13.$

Earned $$215$ in revenues for $2023,$ including $$52$ on credit and the rest in cash.

Calculate the asset turnover ratio