Question: Hannah Marie Company reported the following asset values in 20X1 and 20X2: 20X2 20X1 Cash $45,000 $22,000 Accounts receivable 357,000 341,000 Inventory 459,000 303,000 Land 240,000 175,000 Buildings 580.000 460,000 Equipment 275,000 145,000 In addition, Hannah Marie had sales of $1,850,000 in 20X2. Cost of goods sold for the year was $1,380,000. Compute Hannah Marie's fixed asset turnover ratio for 20X2.