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1. The following intormation is available from the financial statements of Johnson Company and Walker Company for the year ended December 31, 2022. Both companies
1. The following intormation is available from the financial statements of Johnson Company and Walker Company for the year ended December 31, 2022. Both companies operate in the chemical industry. Instructions: a) Calculate both companies' asset turnover and return on assets ratios. Round to two decimal places. ( 4 marks) b) Compare each companies' performance based on the ratios from Part a). ( 4 marks) c) List two (2) other sources of information that would make analysis of the ratios more useful. (2 marks)
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