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Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in...

Question:

Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its ann

Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $21,500 $16,134 Net Sales 49,540 52,250 Total Assets 68,734 78,128 If the company's total assets are $65,676 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 0 % a. Return on Assets Ratio 0 % b. Asset Turnover Ratio 0 0

Answers

2018 al Retwin on Assets Ratio 31.90%. bi Asset Twinover Ratio 017 2019 21.907- 0.1 Year 2018: a. Ret win on Assets Ratio =-Year 20198 a Return on Assets Ratio = – Net income Average total assets assets of 2019 + Total total Average assets = Total 0

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