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Find the asset turnover ratio and return on total assets

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Reference no: EM133114029

Question - A Company has provided information from its income statement and balance sheet:

For 2017: net sales at $905,000, net income = $350,000 and total assets at $780,000.

For 2016: net sales at $900,000, net income = $3,65,000 and total assets at $650,000.

Find the asset turnover ratio and return on total assets.

Reference no: EM133114029

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