The owner of TechTronics Ltd has asked you to calculate the Asset Turnover.

You have found that total sales were on credit and totalled $359892, Cost of Goods Sold was $258258. The average inventory balance for this year was 31068, average debtors balance was 29233 and average total assets is $175724.

The asset turnover equals (show your answer to 2 decimal places and do not include a % or : in your answer)