Computing Asset Ratios The following information relates to Mazy's Inc. $ millions Total Assets Revenue Net Income Fiscal Year 2015 $47,325 $62,282 $2,461 Fiscal Year 2014 46,926     Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively. Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Compute the asset turnover ratio for fiscal year 2015. Answer b. Compute the return on assets ratio for fiscal year 2015. Answer

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Computing Asset Ratios

The following information relates to Mazy's Inc.

$ millions Total Assets Revenue Net Income
Fiscal Year 2015 $47,325 $62,282 $2,461
Fiscal Year 2014 46,926    

Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively.

Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.

a. Compute the asset turnover ratio for fiscal year 2015. Answer
b. Compute the return on assets ratio for fiscal year 2015. Answer
 
 
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