A company reports the following:

Sales	$724,100
Average total assets	557,000

Determine the asset turnover ratio. If required, round your answer to one decimal place.

A company reports the following income statement and balance sheet information for the current year:

Net income	$268,350
Interest expense	47,350
Average total assets	2,870,000

Determine the return on total assets. If required, round the percentage to one decimal place.