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Please show work using formulas. Return on Assets Ratio and Asset Turnover Ratio Allied Systems reported the following financial data (in millions) in its annual

Please show work using formulas.

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Return on Assets Ratio and Asset Turnover Ratio Allied Systems reported the following financial data (in millions) in its annual report: 2015 2016 Net Income $19,300 $16,134 Net Sales 49,540 47.152 Total Assets 68,734 78,128 If the company's total assets are $65,676 in 2014, calculate the company's (a) return on assets (round answers to one decimal place-ex: 10.7%) (b) asset turnover for 2015 and 2016 (round answers to two decimal places) 2015 a. Return on Assets Ratio b. Asset Turnover Ratio

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