Return on Assets Ratio and Asset Turnover Ratio

Campo Systems reported the following financial data $($in millions$)$ in its annual report:

Previous Year Current Year

Net Income $$11,052$ $$9,134$

Net Sales $69,54066,117$

Total Assets $88,73498,128$

If the company's total assets are $$85,676$ at the beginning of the previous year, calculate the company$$s:

$($a$)$ return on assets $($round to one decimal point$)$

$($b$)$ asset turnover for both years $($round to two decimal points$)$

Previous Year Current Year

a$.$ Return on Assets Ratio Answer

$12\mathrm{.}67$

Answer

$0$

b$.$ Asset Turnover Ratio Answer

$0$

Answer

$0$