The following information was reported by Young's Air Cargo Service for 2014: Net fixed assets (beginning of year) Net fixed assets (end of year) Net operating revenues for the year Net income for the year $ 1,920,000 2,240,000 3,330,000 1,690,000 Compute the company's fixed asset turnover ratio for the year. (Round your answer to 2 decimal places.) Fixed asset turnover ratio