As of December 31, 2014 assets were $20, liabilities were $12 and paid-in-capital was $1. There was no treasury stock or accumulated other comprehensive income at either the beginning or ending of 2015. During the year revenues were $40, gains (net of losses) were $1, paid-in-capital increased by $2 and the company paid out dividends of $4. At the end of the year, equity was $22 and total liabilities were $20.

10) What was the asset turnover for the year ended 12/31/15?

11) What was the return on assets for the year ended 12/31/15?

12) What was the equity multiplier for the year ended 12/31/15?

13) What was the return on equity for the year ended 12/31/15?