Return on Assets Ratio and Asset Turnover Ratio Allied Systems reported the following financial data (in millions) in its annual report: Year 2 Year 3 Net income $63,182 $56,469 Net sales 322,010 299,761 Total assets 481,138 546,896 If the company's total assets are $459,732 in Year 1, calculate the company's (a) return on assets and (b) asset turnover for Years 2 and 3. Round return on assets to one decimal place. Round asset turnover to two decimal places. Year 2 Year 3 (a) Return on assets % % (b) Asset turnover Check Previous Save Answers