Given below is the Balance Sheet and Income Statement of Verizon Communications Inc. Use these documents to answer parts i-l.

Verizon Communications Inc. Balance Sheet:

Verizon Communications Inc. Income Statement:

i) What is Verizon Communications Inc.s total asset turnover? Round to the nearest hundredth.

j) The trend in Verizon Communications Inc.s total asset turnover over the years 2019, 2020 and 2021 is ___________ and it is _______.

Increasing, desirable

Increasing, not desirable

Decreasing, not desirable

Constant, not desirable

Constant, not desirable

k) What is Verizon Communications Inc.s profit margin? Round to the nearest hundredth. For example, if you get 5.549%, enter 5.55.

l) Who has the higher profit margin for FY21?

AT&T Inc.

Verizon Communications Inc.