Question 19: The following is selected data for Relic Industries

Alaquirement 1. Calculate the retum an wssees (ROA) and the fxed asset tumever ratio for Relio industries for 2017 and 2018 . Feund your aravers to two decimal pleces. Requlrement 2. Have the rahoe impreved or deterloraled? Conment ch the trind in both rallos Requirement 1. Calculate the return on assets (ROA) and th Start by calculating the return on assets (ROA) for 2017 and 2017 2018 Now calculate the fixed asset turnover ratio for 2017 and 2018 As shown by the in the return on assets ratio, the R its fixed assets in 2018. on assets (ROA) and the fixed asset turnover ratio for Relic Industries for 2017 and 20 sets (ROA) for 2017 and 2018 . Select the formula and then complete the calculations. ( 1[17]= Return on asset ]% 1+[1] ver ratio for 2017 and 2018. Select the formula and then complete the calculations. (Rour a sproved or deteriorated? Commel improved deteriorated elic Industries for 2017 and 2018 . Round your answers to two decimal places. n complete the calculations. (Round your answers to two decimal places, X.XX%.) complete the calculations. (Round your answers to two decimal nlaces, X.XX.) 7 to 2018. The fixed asset turnover ratio has indicating that Relic Industries is ger two decimal places. decimal places, X.XX\%.) ecimal places, X.XX.) more less indicating that Relic Industries is generating sales efficiently with Data table Requirements 1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Relic Industries for 2017 and 2018. Round your answers to two decimal places. 2. Have the ratios improved or deteriorated? Comment on the trend in both ratios