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Venice Textiles produces cloth. The inputs are fabric, labor, and overhead. Fragmentary productivity records from plant files for the last period show the following: Fabric

Venice Textiles produces cloth. The inputs are fabric, labor, and overhead. Fragmentary productivity records from plant files for the last period show the following:

Fabric price (per bolt) $ 32
Sales price (per bolt) $ 165
Sales revenue $ 2,240,000
Manufacturing overhead $ 500,000
Total factor productivity 2.00
Total labor costs $ 130,000

Required:

Determine the partial fabric (materials) productivity.

Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.

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