Brief Exercise 12-11 Calculate profitability ratios (LO12-4) LaDanion's Limos reports net income of $118,000, average total assets of $580,000, and average total liabilities of $220,000. Calculate LaDanion's return on assets and return on equity ratios. (Round your final answers to 1 decimal place.) LaDanion's Limos Return on Assets Return on Equity LaDanion's Limos % %