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

Essay

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