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A Company Reports the Following  Sales $2,400,000 Average total assets (excluding long-term investments) 1,500,000\begin{array} { l r } \text { Sales } & \$ 2,400,000 \\\text { Average total assets (excluding long-term investments) } & 1,500,000\end{array}

question 53

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A company reports the following:  Sales $2,400,000 Average total assets (excluding long-term investments) 1,500,000\begin{array} { l r } \text { Sales } & \$ 2,400,000 \\\text { Average total assets (excluding long-term investments) } & 1,500,000\end{array}
Determine the asset turnover ratio. Round your answer to one decimal place.


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