For 2022, Larkspur Company reported beginning total assets of $266,000 and ending total assets of $534,000. Its net income for this period was $62,000, and its net sales were $584,000. Compute the company's asset turnover and return on assets for 2022. (Round answers to 2 decimal places, e.g. 52.75.) Asset turnover 15.50 times Return on assets 1.46 %