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Brief Exercise 213 Using the following data for Hayes, Inc., compute its asset turnover and the return on assets ratio. Net Income 2017 Total Assets

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Brief Exercise 213 Using the following data for Hayes, Inc., compute its asset turnover and the return on assets ratio. Net Income 2017 Total Assets 12/31/17 Total Assets 12/31/16 Net Sales 2017 $123,000 2,243,000 1,880,000 2,135,000 Asset Turnover (Round to 2 decimal places, e.g. 15.35) times Return on Assets (Round to 1 decimal places, e.g. 15.3%) Click if you would like to Show Work for this question: Open Show Work

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