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 $ 64,000 14,000 50,000 120,000 5,400 2019 $ 54,000 12,000 42,000 110,000 4,200 2018 $ 44,000 7,000 37,000 96,000 27,000 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.) 2020 2019 Asset turnover Return on assets