Question: Using the information below to answer the next two questions. Sales $ 16,800,000 Average Assets 7,000,000 Margin (Sales/Profit) 5% 1. The company's asset turnover ratio

Using the information below to answer the next two questions.

Sales $ 16,800,000
Average Assets 7,000,000
Margin (Sales/Profit) 5%

1. The company's asset turnover ratio is:

Group of answer c

hoices

0.42

14.29

0.07

2.40

2. The company's ROI (Return on Investment) is:

Group of answer choices

16.8%

12.0%

$9,800,000

$3,500

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