A company provides the following data: Annual sales = $6 million = EBIT profit margin = 8% Return on assets = 20% = Which of the following statements is correct? The company's average total assets is $2.4 million, and its Asset turnover is 2.5 times p.a. The company's average total assets is $2.4 million, and its Asset turnover is 1.6 times p.a. The company's EBIT is $300,000, and its Asset turnover is 1.6 times p.a. The company's average total assets is $15 million, and its Asset turnover is 2.5 times p.a. O The company's EBIT is $480,000, and its Asset turnover is 1.6 times p.a. Use the following information to calculate, to one decimal place, the return on equity (ROE) % for FY21: FY21 FY20 $m $m Contributed equity 1,172 1,100 Retained earnings 3,745 2,500 Finance costs 46 35 Tax expense 600 510 Profit 1,400 1,190 Use the following information to calculate, to one decimal place, the return on assets (ROA) % for FY21: FY21 FY20 $m $m Total assets 9,623 8,000 Finance costs 44 34 Tax expense 600 510 Profit 1,400 1,190