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Cullumber Limited competes in the fast food industry with Bramble Limited. Cullumber underwent a major expansion in 2021, borrowing a large amount of money and

Cullumber Limited competes in the fast food industry with Bramble Limited. Cullumber underwent a major expansion in 2021, borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Cullumber has. Bramble, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on making existing operations more efficient. Data for the two companies are provided below (in thousands of dollars): 2021 2020 2019 Cullumber Total assets $1,850 $1,099 $1,070 Sales 3,161 1,490 1,600 Net income 361 144 140 Bramble Total assets 807 880 1,070 Sales 1,822 1,671 2,000 Net income 190 205 210 Calculate the (1) profit margin, (2) asset turnover, and (3) return on asset ratios for each company in 2020 and 2021. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) Cullumber 2021 2020 (1) Profit margin % (2) Asset turnover times (3) Return on assets % % times % 2020

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