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Allied Systems reported the following financial data (in millions) in its annual report: 2015: Net Income $19,300, Net Sales $49,540, Total Assets $68,734. 2016: Net
Allied Systems reported the following financial data (in millions) in its annual report: 2015: Net Income $19,300, Net Sales $49,540, Total Assets $68,734. 2016: Net Income $16,134, Net Sales $47,152, otal Assets $78,128. If the companys total assets are $65,676 in 2014, calculate the companys (a) return on assets (round to one decimal point) and (b) asset turnover for 2015 and 2016 (round to two decimal points) Find the return on assets ratio for 2015 and 2016. Also find the asset turnover ratio for both years
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