Front Facing Speakers eSupport E-Asset Turnover & Return on Assets Company XYZ reported the following information for the 2005 and 2006 fiscal years. An examination of their partial Financial Statements shows the following: December 31, 2005 Net Sales $206,674 Net Income 8,097 Total Assets, start of year 300,152 Total Assets, end of year 308,336 December 31, 2006 $211,476 14,426 242,755 300,152 C=14 1 - In the chart provided below, calculate Asset Turnover and Return on Assets for the 2 years. Asset Turnover Return on Assets 2005 2006 2 Comment on what the Ratios reveal about Company XYZ's effectiveness in using its Assets ... Support your answers with evidence from the chart. a) ... to generate REVENUES = 2 ideas b) ... to produce NET INCOME 2 ideas [3/5]