Using the selection from Books-A-Millions annual report in Appendix A at the back of the book, calculate

Question:

Using the selection from Books-A-Million’s annual report in Appendix A at the back of the book, calculate the following ratios for the most recent fiscal year:

1. Return on assets (ROA)

2. Asset turnover ratio

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.