Rate-of-Return Computations 1. Sapporo Company reported a 5% EBIT-to-sales ratio, a 9% rate of return on total assets, and 2 bil- lion yen of total assets. Compute

(a) EBIT,

(b) total sales, and

(c) total asset turnover. 2. Glasgow Corporation reported 900 million of sales, 48 million of EBIT, and a total asset turnover of four times. Compute

(a) total assets,

(b) the EBIT-to-sales ratio, and

(c) the rate of return on total assets. 3. Compare the two companies.