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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
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 $418,052 $416,134 Net Sales 449,540 446,117 Total Assets 468,743 478,129 If the company's total assets are $465,767 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) a. Return on Assets Ratio b. Asset Turnover Ratio 2015 0% 0 2016 0% 0
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