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In its 2020 annual report, Bonita Limited reports beginning-of-the-year total assets of $2,283 million, end-of-the-year total assets of $2,147 million, total revenue of $2,186 million,
In its 2020 annual report, Bonita Limited reports beginning-of-the-year total assets of $2,283 million, end-of-the-year total assets of $2,147 million, total revenue of $2,186 million, and net income of $76 million. Calculate Bonita's asset turnover ratio. (Round answer to 2 decimal places, e.g. 52.75.) Asset turnover ratio times Calculate Bonita's profit margin. (Round answer to 2 decimal places, e.g. 52.75%.) Profit margin % Calculate Bonita's rate of return on assets (1) using the asset turnover and profit margin, and (2) using net income. (Round answers to 2 decimal places, e.g. 52.75%.) Rate of return on assets (1) Using the asset turnover and profit margin % (2) Using net income %
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