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 $7.935 $52,063 Fiscal Year 2 Fiscal Year 3 8,431 60.472 $85,683 9.856 59,909 90,653 $9,164 10,528 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 Numerator Year 3 Denominator a. Asset turnover $ 0x/5 0x-> $ 0X- b. Return on assets $ 0X/5 0x- $ 0x/S 0x c. Fixed asset turnover S 0X/S 0X- $ 0x/5 0X-