Question: Current Attempt in Progress For 2022, Teal Mountain Company reported beginning total assets of $264,500 and ending total assets of $535,500. Its net income for

Current Attempt in Progress For 2022, Teal Mountain Company reported beginning

Current Attempt in Progress For 2022, Teal Mountain Company reported beginning total assets of $264,500 and ending total assets of $535,500. Its net income for this period was $60,000, and its net sales were $560,000. Compute the company's asset turnover and return on assets for 2022. (Round answers to 2 decimal places, e.g. 52.75.) Asset turnover times Return on assets %

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