Whitt's bbq has sales of $1,318,000, a profit margin of 7.4 percent, and a capital intensity ratio of. 78. what is the total asset turnover rate

Based on the given figures above, the total asset turnover rate is 1.28. To get the 1.28, you need to use the below formula:

Total asset turnover = 1 / capital intensity ratio

The capital intensity ratio given is 0.78

Therefore you calculation should be:

Total asset turnover = 1 /.78

Total asset turnover = 1.28