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In its 2020 annual report, Pearl Limited reports beginning-of-the-year total assets of $1,973 million, end-of-the-year total assets of $2,657 million, total revenue of $2,848 million,

In its 2020 annual report, Pearl Limited reports beginning-of-the-year total assets of $1,973 million, end-of-the-year total assets of $2,657 million, total revenue of $2,848 million, and net income of $108 million.

Calculate Pearl's asset turnover ratio. (Round answer to 2 decimal places, e.g. 52.75.)

Asset turnover ratio enter Asset turnover ratio in times

times

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Calculate Pearl's profit margin. (Round answer to 2 decimal places, e.g. 52.75%.)

Profit margin enter Profit margin in percentages

%

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Calculate Pearls 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

enter percentages

%

(2) Using net income

enter percentages

%

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