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2.5. North/South Airlines generated the following information from its financial statements: (1) P/E ratio equals 18.0, (2) common stock market price per share is $72,

2.5.

North/South Airlines generated the following information from its financial statements: (1) P/E ratio equals 18.0, (2) common stock market price per share is $72, (3) fixed assets turnover equals 4.0, (4) current ratio equals 5.0, (5) current liabilities equal $375,000, (6) net profit margin equals 5 percent, and (7) 60,000 shares of common stock are outstanding.

  1. What is North/South's return on assets (ROA)? Round your answer to two decimal places.

    _____________ %

  2. What is North/South's total assets turnover? Round your answer to two decimal places.

    ______________

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