Question: 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

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

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