(Answered) Question - return on assets ratio and asset turnover

Accounting

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).

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