As of December 31, 20X1, Frenzy Snowboards, Inc. had $240,000 in cash and cash equivalents. At the end of 20X2 cash had increased to $300,000. Sales for the year were $1,200,000 and Cost of Goods Sold were $800,000. There was no new debt and no stock issued. The company had operating expenses of $200,000. What is the cash turnover ratio for 20X2 (rounded to the nearest hundredth)?