The financial data of a firm during the past year is as follows: (all values are in millions of dollars)
Gross income: 18.7
Total sales: 12.7
Total credit sales: 8.1
Net income: 5.5
Cost of goods sold: 8.1
Total assets: 15
Average inventory: 1.1
Average receivables: 2.7
Compute the asset turnover ratio.
(Provide 2 significant digits)