Question: Using the following data for Splish Brothers Inc., compute its asset turnover ratio and the return on assets ratio. Splish Brothers Inc. Net Income 2022

Using the following data for Splish Brothers Inc., compute its asset

Using the following data for Splish Brothers Inc., compute its asset turnover ratio and the return on assets ratio. Splish Brothers Inc. Net Income 2022 $145,635 Total Assets 12/31/22 2,257,000 Total Assets 12/31/21 1,904,000 Net Sales 2022 2,163,720 times Asset Turnover (Round to 2 decimal places, e.g. 15.35) Return on Assets (Round to 1 decimal place, e.g. 15.3%) %

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