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Winky Flash Photo reported the following figures on its December 31, 2024, income statement and balance sheet: (Click the icon to view the figures.)

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Winky Flash Photo reported the following figures on its December 31, 2024, income statement and balance sheet: (Click the icon to view the figures.) Compute the asset turnover ratio for 2024. Round to two decimal places. Net sales 515,000 Average total assets 2 = Data table Asset turnover ratio 257,500 Net sales $ 460,000 Dec. 31, 2024 Dec. 31, 2023 Cash $ 27,000 $ 31,000 Accounts Receivable 55,000 74,000 Merchandise Inventory 75,000 71,000 Prepaid Expenses 14,000 7,000 Property, Plant, and Equipment, net 145,000 16,000 Print Done

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