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 $ 100,000 $ 90,000 $ 80,000 32,000 68,000 300,000 9,000 30,000 60,000 290,000 6,900 25,000 55,000 276,000 45,000 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