Return on assets (ROA) and fixed asset turnover ratio

(Learning Objective 10) 10–15 min.

The following information is provided for Nariman Corporation.

Net income 2014.............................................

Net sales 2014 ................................................

Total assets 2012............................................

Total assets 2013............................................

Total assets 2014............................................

Fixed assets 2012 ...........................................

Fixed assets 2013 ...........................................

Fixed assets 2014 ...........................................

$ 275 1,500 1,000 1,050 1,150 520 600 650 Nariman

(in $ millions) Corporation Requirement 1. Calculate the return on assets (ROA) and the fixed assets turnover ratio for Nariman Corporation for 2014.

AppendixLO1