Question: Using the following data for Vaughn Manufacturing, compute its asset turnover ratio and the return on assets ratio. Vaughn Manufacturing Net Income 2022 $124,170 Total

Using the following data for Vaughn Manufacturing, compute its asset turnover ratio and the return on assets ratio. Vaughn Manufacturing Net Income 2022 $124,170 Total Assets 12/31/22 2.240,000 Total Assets 12/31/21 1.899,000 Net Sales 2022 2.152.280 times Asset Turnover (Round to 2 decimal places, eg: 15.35) Return on Assets (Round to 1 decimal place, es 15.3%) %

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