Current Attempt in Progress Using the following data for Novak Corp., compute its asset turnover ratio and the return on assets ratio. Novak Corp. Net Income 2022 $124,740 Total Assets 12/31/22 2,249,000 Total Assets 12/31/21 1,909,000 Net Sales 2022 2,162,160 Asset Turnover (Round to 2 decimal places, e.g. 15.35) Return on Assets (Round to 1 decimal place, e.g. 15.3%) Save for Later times 96 Attempts: 0 of 1 used Submit Answer