please help Return on Assets Ratio and Asset Turnover RatioNorthern Systems reported the following financial data (in millions) in its annual report:20182019Net Income $9050 $7,500Net Sales52,350 37,200Total Assets 58,734 68,128If 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)20182019a. Return on Assets Ratio969%b. Asset Turnover Ratio

Return on assets =Net income / Average total assets Where, Average total assets = (total assets,…

Northern Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $9,050 $7,500 52,350 37,200 Total Assets 58,734 68,128 Net Sales 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) 2018 2019 a. Return on Assets Ratio 96 96 b. Asset Turnover Ratio

Northern Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $9,050 $7,500 52,350 37,200 Total Assets 58,734 68,128 Net Sales 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) 2018 2019 a. Return on Assets Ratio 96 96 b. Asset Turnover Ratio

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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