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 Total liabilities Total shareholders' equity Sales Net earnings 2020 2019 2018 $ 78,000 $ 68,000 $58,000 21,000 57,000 19,000 14,000 49,000 44,000 190,000 180,000 6,800 5,400 166,000 34,000 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.) Asset turnover Return on assets 2020 2019