Computing Asset Ratios The following information from Ike Inc. is from a recent Form 10-K, listed in chronological order. Total Total $ millions Fixed Assets Assets Revenue Net Income Fiscal Year 1 $4,534 $29,750 Fiscal Year 2 4,818 34,555 $48,962 $5,237 Fiscal Year 3 5,632 34,234 51,802 6,016 Required a. Compute the asset turnover ratio for fiscal years 2 and 3. b. Compute the return on assets ratio for fiscal years 2 and 3. c. Compute the fixed asset turnover ratio for fiscal years 2 and 3. Year 2 Ratio Numerator Denominator a. Asset turnover $ / $ b. Return on assets $ 1 $ c. Fixed asset turnover $ 1 $ = Numerator Year 3 Denominator A $ 1 $ 1 $ tA $ 1 $