United Systems reported the following financial data (in millions) in its annual report: -34 Net income. Net

United Systems reported the following financial data (in millions) in its annual report:
  

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-34 Net income. Net sales.. Total assets. . Previous Year $21,500 49,540 68,734 Current Year $16,134 52,250 78,128 If the company's total assets are $65,676 at the beginning of the previous year, calculate the company's (a) return on assets and (b) asset turnover for both years. -34 Net income. Net sales.. Total assets. . Previous Year $21,500 49,540 68,734 Current Year $16,134 52,250 78,128 If the company's total assets are $65,676 at the beginning of the previous year, calculate the company's (a) return on assets and (b) asset turnover for both years.

Answer rating: 100% (QA)

a Return on assets ROA for previous year Net income Total assets 21... View the full answer