E3-17 Computing and Explaining the Total Asset Turnover Ratio LO3-6 The following data are from annual reports of Justin's Jewellery Company: Total assets Total liabilities Total shareholders' equity Sales Net earnings 2020 2019 2018 $ 92,000 $ 82,000 $ 72,000 28,000 64,000 26,000 21,000 56,000 51,000 260,000 250,000 236,000 8,200 6,600 41,000 Required: Compute Justin's total asset turnover ratio and its return on assets for 2019 and 2020. (Enter your answers in numbers and not in percentages. Round "Asset turnover" to 1 decimal place and "Return on assets" to 3 decimal places.) Asset turnover Return on assets 2020 2019