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Return on Assets Ratio and Asset Turnover Ratio Campo Systems reported the following financial data (in millions) in its annual report: 2015 2016 Net Income
Return on Assets Ratio and Asset Turnover Ratio
Campo Systems reported the following financial data (in millions) in its annual report:
2015 | 2016 | |
---|---|---|
Net Income | $8,052 | $7,250 |
Net Sales | 52,350 | 36,117 |
Total Assets | 58,734 | 68,128 |
If the companys total assets are $55,676 in 2014, calculate the companys:
(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)
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