Question - 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 company's total assets are $55,676 in 2014, calculate the company's (a) return on assets (round to one decimal point) and (b) asset turnover for 2015 and 2016 (round to two decimal points).