Homework answers / question archive / Return on Assets Ratio and Asset Turnover Ratio  Northern Systems reported the following financial data (in millions) in its annual report:  2018 2019  Net Income $9,050 $7,500  Net Sales 52,350 37,200  Total Assets 58,734 68,128  If the company's total assets are $55,676 in 2017, calculate the company's:  (a) return on assets (round answers to one decimal  place - ex: 10

Return on Assets Ratio and Asset Turnover Ratio  Northern Systems reported the following financial data (in millions) in its annual report:  2018 2019  Net Income $9,050 $7,500  Net Sales 52,350 37,200  Total Assets 58,734 68,128  If the company's total assets are $55,676 in 2017, calculate the company's:  (a) return on assets (round answers to one decimal  place - ex: 10

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Return on Assets Ratio and Asset Turnover Ratio 
Northern Systems reported the following financial data (in millions) in its annual report: 
2018 2019 
Net Income $9,050 $7,500 
Net Sales 52,350 37,200 
Total Assets 58,734 68,128 
If the company's total assets are $55,676 in 2017, calculate the company's: 
(a) return on assets (round answers to one decimal  place - ex: 10.7%)
 (b) asset turnover for 2018 and 2019 (round answers to two decimal  places)