Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions):

Instructions

a. Calculate Suncor?s asset turnover and return on assets for the two years.

b. Comment on what the ratios reveal about Suncor Energy Inc.?s effectiveness in using its assets to generate revenues and produce profit.

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2017 2016 Net revenues Net earnings Total assets, end of year Total assets, beginning of year $32,176 4,458 89,494 88,702 $26,968 445 88,702 77,527