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

The following is selected data for Halo Industries:

Requirements
1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Halo 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.

2012 2011 2010 Sales Net income Total, current assets, ending.. 173,000 Property, plant and equipment, ending.. Total assefs, ending S1,373,000 $1,346,000 $1,268,000 114,000 156,000 685,000 841,000 117,000 149,000 676,000 852,000 128,000 688,000 861,000

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