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Calculate the company return on assets

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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).

Reference no: EM131699113

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