Hill co reported 2013 net sales of 1750000 net income of

Question

Return on Assets and Asset Turnover:

Hill Co. reported 2013 Net Sales of $1,750,000, Net Income of $500,000, Total Assets at the beginning of the year of $1,000,000, and Total Assets at the end of the year of $1,200,000. Determine the Return on Assets and Asset Turnover for Hill Co.

Return on Assets _______________

Asset Turnover ________________