A company has total assets of $549,000, current assets of $49,000, current liabilities of $101,000, long-term debt of $209,000, and net income of $61,000. What is the companys return on assets?

Group of answer choices

21.18%

13.32%

18.11%

27.17%

16.08%

23.00%

25.52%

11.11%

Suppose a company has depreciation of $16,000, cost of goods sold of $33,000, EBIT of $55,000, net income of $22000, current assets of $35,000 and fixed assets of $53,000, total equity of $28,950. Given this information, the companys total asset turnover is:

Group of answer choices

0.71

1.079

1.96

1.27

1.18

2.30

2.55