Question: Calculate total asset turnover and return on assets based on the following: Net income $15.0 million Sales 68.0 million Total Assets, beginning of the year

Calculate total asset turnover and return on assets based on the following:

 

Net income

$15.0 million

Sales

68.0 million

Total Assets, beginning of the year

14.6 million

Total Assets, end of the year

17.1 million

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