Brief Exercise 12-11 Calculate profitability ratios (LO12-4)

LaDanions Limos reports net income of $119,000, average total assets of $590,000, and average total liabilities of $230,000. Calculate LaDanions return on assets and return on equity ratios. (Round your final answers to 1 decimal place.)

LaDanion's Limos LaDanion's Limos Return on Assets Return on Equity