Question: Brief Exercise 213 Using the following data for Hayes, Inc., compute its asset turnover and the return on assets ratio. Net Income 2017 Total Assets

Brief Exercise 213 Using the following data for Hayes, Inc., compute its asset turnover and the return on assets ratio. Net Income 2017 Total Assets 12/31/17 Total Assets 12/31/16 Net Sales 2017 $123,000 2,243,000 1,880,000 2,135,000 Asset Turnover (Round to 2 decimal places, e.g. 15.35) times Return on Assets (Round to 1 decimal places, e.g. 15.3%) Click if you would like to Show Work for this question: Open Show Work

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