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The following data relates to ABC Inc. Total assets, December 31, year 1 286000 Total assets, December 31, year 2 494000 Total liabilities, December 31,

The following data relates to ABC Inc.

Total assets, December 31, year 1 286000

Total assets, December 31, year 2 494000

Total liabilities, December 31, year 1 88000

Total liabilities, December 31, year 2 101000

Sales for year 2 800000

Income for year 2 36000

Calculate the total asset turnover rate for year 2.

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