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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

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 2016

Return on Assets Ratio 28.1% 20.7% (These 2 answers are not Correct???) Net Income/total assets *100???

Assets Turnover Ratio 0.74% 0.64% (These 2 are correct)

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