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Using the following data for Renfro Company, compute its asset turnover for 2017. Net Income 2017 $ 123,000 Total Assets 12/31/17 Total Assets 12/31/16 2,443,000

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Using the following data for Renfro Company, compute its asset turnover for 2017. Net Income 2017 $ 123,000 Total Assets 12/31/17 Total Assets 12/31/16 2,443,000 1,827,000 2,135.000 Net Sales 2017 (Note: write your answer as a number only, with no commas or dollar signs. If your answer is 5 times write it as 5)

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