wht is the turnover ratio?

QUESTIONS 12 Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions. Income Statement Total Sales Cost of Sales Gross Profit 206 153.7 206-153.7 15.6 8.9 Selling and Administrative Expenses Research and Development Depreciation and Amortization Other Income EBIT Interest Expense Pretax Income 4.5 2.9 206-153.7-15.6-8.9-4.5+2.9 5.9 206-153.7.15.6-8.9-4.5+2.9 -5.9 Taxes (206-153.7-15.6 8.9-4.5+2 9.5.9)*0.30 (206-153.715.6-8.9.4.5+2. 9-5.9 )*0.70 Net Income Balance Sheet Assets Cash 63 Liabilities Accounts Payable NA DACA 45.5 Liabilities Accounts Payable Notes Payable/Short term debt Balance Sheet Assets Cash 63 Accounts Receivable 54.6 Inventories Total Current Assets 63+54.6+6.6 45.5 1.2 6.6 Total Current Liabilities 45.5+1.2 84.5 Net property, plant and equipment 100.6 Total long-term assets 100.6 84.5 Long-term debt Total long-term debt liabilities Total Liabilities Stockholders' Equity (Total Equity) Total Liabilities and Stockholders' Equity 45.5+1.2+84.5 63+ 54.6+6.6+100.6-45.5-1.2- 84.5 45.5+1 2+84.5+ 63+ 54.6+6.6+100.6-45.5-1.2- 84.5 Total Assets 63+54.6+6.6+100.6 What is the company's turnover ratio? NOTE: Use the numbers as is. Use four decimals for your answers