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The Lumber Division of Improvement Inc. reported the following results for a recent year Sales $8,000,000 Expenses 6,250,000 Total assets (1/1) 5,000,000 Total assets (12/31)

The Lumber Division of Improvement Inc. reported the following results for a recent year Sales $8,000,000 Expenses 6,250,000 Total assets (1/1) 5,000,000 Total assets (12/31) 5,400,000 Refer to the Lumber Division. What was the asset turnover ratio of the Lumber Division?

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