Company A's information is listed below:

Company A's information is listed below:

Net income (profits before taxes) is $240,000; Cost of goods sold is $5 million

Total assets of $3 million; Total liability of $1 million; Average inventory is $1 million.

A) What is the inventory turnover (i.e., how many times does inventory turnover per year)?

B) What is the return on assets (as a percentage)?