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The following amounts are from TJ Maxx's financial statements at the end of the current...

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Accounting

The following amounts are from TJ Maxx's financial statements at the end of the current year:
total assets, $400,000; total liabilities, $86,000; owner's equity, $127,000; net sales, $391,000;
cost of goods sold, $243,000; operating expenses, $89,000; and withdrawals, $20,000. During
the current year, total assets increased by $38,000. Compute the Asset Turnover. Round
final answer to 1 decimal place

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