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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 $14,052 $12,134 Net Sales 99,540 96,117 Total Assets 118,734 128,128 If the company's total assets are $115,676 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) a. Return on Assets Ratio b. Asset Turnover Ratio Check 2015 2016 5.99% X 4.92% X 0.42 0.39 X
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