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1.Return on Assets The Kingwood Company reported net income of $42,000 and average total assets...

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Accounting

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.

Answer

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