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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
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)
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