Exercise 11-24 a-c Your answer is partially correct. Try again. The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) Total assets December 31, 2017 $930.9 December 31, 2016 $920.1 197.1 208.6 Total liabilities 515.7 517.4 Net sales Net income 80.7 67.2 Compute the following ratios for Tootsie roll for 2017. 0.56 times 8.71 % (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) Click if you would like to show Work for this question: Open Show Work 15.65 %