Question: LOADING... (Click the icon to view the data.) Requirements 1. Compute return on assets for the year ended January 31, 2016, and 2017. 2. Did
LOADING... (Click the icon to view the data.) Requirements 1. Compute return on assets for the year ended January 31, 2016, and 2017. 2. Did return on assets improve or deteriorate? What are some possible causes for this change? Requirement 1. Compute return on assets for the year ended January 31, 2016, and 2017. Begin by identifying the formula to calculate return on assets. Then compute the return on assets for the year ended January 31, 2016, and 2017. (Round your answer to two decimal places.) ( Sales + Net earnings ) / = Return on assets (ROA) 2016 ( + ) / = 2017 ( + ) / = Requirement 2. Did return on assets improve or deteriorate? The return on assets improved slightly. What are some possible causes for this change? Net earnings increased slightly higher than the increase in total assets . It may be a result of higher sales or lower expenses or both. Choose from any list or enter any number in the input fields and then continue to the next question. Data Table January 31, January 31, 2017 2016 Net sales. . . . . . . . . . . . . . . . . $54,000 $52,500 Net earnings. . . . . . . . . . . . . . $2,010 $1,560 Interest expense. . . . . . $10 $10 Average total assets. . . . . . . . $36,000 $35,650. solve
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