Return On Assets Ratio And Asset Turnover Ratio Northern Systems Reported The Following Financial Data (in Millions) In Its Annual Report: 2018 2019 Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128 If The Company’s Total Assets Are $55,676 In 2017, Calculate The Company’s: (a) Return On Assets (round Answers To one Decimal Place - Ex: 10.7%) (b) Asset Turnover For 2018 And 2019 (round Answers To two Decimal Places) 2018 2019 A. Return On Assets Ratio B. Asset Turnover Ratio

Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128 If the company’s total assets are $55,676 in 2017, calculate the company’s: (a) return on assets (round answers to one decimal place – ex: 10.7%) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio b. Asset Turnover Ratio

- November 14, 2022 - Edwin Tunner

Return on Assets Ratio and Asset Turnover Ratio

Northern Systems reported the following financial data (in millions) in its annual report:

	2018	2019
Net Income	$9,050	$7,500
Net Sales	52,350	37,200
Total Assets	58,734	68,128

If the company’s total assets are $55,676 in 2017, calculate the company’s:

(a) return on assets (round answers to one decimal place – ex: 10.7%)

(b) asset turnover for 2018 and 2019 (round answers to two decimal places)

		2018	2019
a.	Return on Assets Ratio
b.	Asset Turnover Ratio

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