Question: The following is selected data for Dominguez Industries: Requirements 1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Dominguez Industries

The following is selected data for Dominguez Industries:

Requirements
1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Dominguez Industries for 2011 and 2012. Round your answers to two decimal places.
2. Have the ratios improved or deteriorated? Comment on the trend in bothratios.

20122011 2010 Sales Net income Total, current assets, ending $1,413,000 $1,447,000 $1,397,000 126,000 165,000 739,000 904,000 146,000 153,000 763,000 916,000 138,000 158,000 Total assets, ending 923,000

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