Kaleb's Karate Supply had a profit margin of 12 percent, sales of $23.8 million, and total assets of $8.8 million.

Requirement 1:

What was the total asset turnover? (Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2:

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? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)