E3-17 Computing and Explaining the Total Asset Turnover Ratio LO3-6 The following data are from annual reports of Justin's Jewellery Company: Total assets 40 Total liabilities Total shareholders' equity ces Sales Net earnings 2020 2019 2018 $ 66,000 $ 56,000 $ 46,000 15,000 13,000 8,000 51,000 43,000 38,000 130,000 120,000 106,000 5,600 4,400 28,000 Required: Compute Justin's total asset turnover ratio and its return on assets for 2019 and 2020. (Enter your answers in numbers and not in percentages. Round "Asset turnover" to 1 decimal place and "Return on assets" to 3 decimal places.) w Asset turnover Return on assets 2020 2019 2.0