The following are selected data for Armada Industries:

Requirements

1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Armada Industries for 2017 and 2018. Round your answers to two decimal places.

2. Have the ratios improved or deteriorated? Comment on the trend in both ratios.

Transcribed Image Text:

2018 2017 2016 $1,468,000 124,000 165,000 669,000 834,000 $1,147,000 114,000 Sales Net income. Total, current assets, ending.. Property, plant and equipment, ending Total assets, ending. $1,410,000 118,000 123,000 721,000 844,000 622,000 786,000