A Company Reports the Following $$\begin{array} { l r } \text { Sales } & \$ 2,520,000 \\\text { Average total assets (excluding long-term investments) } & 1,400,000\end{array}$$

question 33

Essay

A company reports the following: $$\begin{array} { l r } \text { Sales } & \$ 2,520,000 \\\text { Average total assets (excluding long-term investments) } & 1,400,000\end{array}$$ ​
Determine the asset turnover ratio. Round your answer to one decimal place.

---

Definitions:

Facial Nerve

The seventh cranial nerve that controls the muscles of facial expression, taste sensations from the front two-thirds of the tongue, and other functions.

Oculomotor Nerve

The third cranial nerve responsible for the control of most of the eye's movements, including the constriction of the pupil and maintaining an open eyelid.

Dorsal Spinal Cord

The portion of the spinal cord that is oriented toward the back of the body, responsible for transmitting sensory information from the body to the brain.

Ventral Spinal Cord

The front section of the spinal cord, which contains motor neurons that control muscles and movement.