Question: Using the following data for Hayes, Inc., compute its asset turnover ratio and the return on assets ratio. Hayes, Inc. Net Income 2017 $123,000

Using the following data for Hayes, Inc., compute its asset turnover ratio and the return on assets ratio Hayes, Inc. Net Income 2017 Total Assets 12/31/17 Total Assets 12/31/16 Net Sales 2017 $123,000 2,243,000 1,880,000 2,135,000 Asset Turnover (Round to 2 decinal places, e.q. 15,.35,) times Return on Assets (Round to 1 decimal place, eg. 15.3%) : 196

Using the following data for Hayes, Inc., compute its asset turnover ratio and the return on assets ratio. Hayes, Inc. Net Income 2017 $123,000 Total Assets 12/31/17 Total Assets 12/31/16 2,243,000 1,880,000 Net Sales 2017 2,135,000 Asset Turnover (Round to 2 decimal places, e.g. 15.35) times Return on Assets (Round to 1 decimal place, e.g. 15.3%) %

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