Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:                                                        Dec. 31, Year 2                  Dec. 31, Year 1Accounts receivable                         $35,000                              $39,500Inventory                                          22,500                                18,450Accounts payable                            18,500                                 16,300Dividends payable                           43,200                                 53,100Adjust net income of $320,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $364,680 Interest expense 64,350 Average total assets 6,810,000 Determine the return on total assets. If required, round the percentage to one decimal place.

The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:                                                          Dec. 31, 20Y2            Dec. 31, 20Y1Assets Cash                                                         $115                          $38Accounts receivable (net)                           66                             47Inventories                                                  41                             26Land                                                            94                           107Equipment                                                  53                             41Accumulated depreciation-equipment     (14)                            (7)Total Assets                                              $355                         $252Liabilities and Stockholders' EquityAccounts payable (merchandise creditors)$45                          $38Dividends payable                                        7…

Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report:   Previous Year Current Year 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 at the beginning of the previous year, calculate the company’s: (a) return on assets (round answers to one decimal place - ex: 10.7%)   (b) asset turnover for both years (round answers to two decimal places)     Previous Year Current Year a. Return on Assets Ratio Answer Answer b. Asset Turnover Ratio Answer Answer