Asset turnover

A company reports the following:

Sales	$1,236,750
Average total assets	727,500

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

Return on total assets

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

Net income	$361,360
Interest expense	63,770
Average total assets	3,830,000

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