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1.Return on Assets The Kingwood Company reported net income of $42,000 and average total assets of $425,000.
Calculate the company's return on assets.
Round answer to one decimal place. (Ex. 0.2345 = 23.5%)
Answer ? %
2.Asset Turnover The Kingwood Company reported sales revenue of $600,000 and average total assets of $465,000.
Calculate the company's asset turnover.
Round answer to two decimal places.
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