Kaleb’s Karate Supply had a profit margin of 12 percent, sales of $23.8 million, and total assets of $8.8 million. What was the total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total asset turnover times If management set a goal of increasing total asset turnover to 2.75 times, what would the new sales figure need to be, assuming no increase in total assets?