Below are the same records of the HTM Corp (imaginary). According to the given information, please answer the following questions.

Income Statement

HTM Corp.

Dec. 31, 2XX1 2XX2

Sales $1,200,000 $1,500,000

Cost of Sales $ 360,000 $ 480,000

Gross Profit $ 840,000 $1,020,000

Payroll Expenses $ 300,000 $ 360,000

Gen. & Admin. Exp. $ 144,000 $ 180,000

Other Expenses $ 120,000 $ 180,000

EBT $ 276,000 $ 300,000

Income Taxes $ 110,400 $ 120,000

Net Income $ 165,600 $ 180,000

1. The amount of average asset used by the company during the 2XX2 was $750,000. Determine the Asset Turnover ratio rounded to nearest integer.

2. The amount of average asset used by the company during the 2XX1 was $500,000. Determine the company's Asset Turnover ratio.

3. During the first year (2XX1), the business did not have any liabilities at all; and its average assets were $500,000. With this in mind, determine the company's Return on Equity (ROE) ratio.

4. During the 2XX2 (the second year), the average assets of $750,000 used by the company included $250,000 of Total Liabilities. Determine the Return on Equity ratio rounded to the nearest integer in percentage.