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Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $...

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Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $5,632 $34,234 $51,802 $6,016 Fiscal Year 2015 7,227 51,833 48,962 5,237 Fiscal Year 2014 4,534 29,750 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and 2015. c. Compute the fixed asset turnover ratio for fiscal years 2016 and 2015. Note: Do not round until your final answers. Round final answers to two decimal places. Ratio 2016 2015 a. Asset turnover b. Return on assets c. Fixed asset turnover 0 0 0 0 0

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