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Larkspur Inc., a fertilizer company based in Alberta, had the following information on its financial statements for the fiscal years ended December 31. All figures
Larkspur Inc., a fertilizer company based in Alberta, had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of dollars. 2022 2021 2020 2019 Net sales $16,166 $15,769 $ 16,946 $15,460 Profit 720 1,117 1,463 1,390 Total assets 17,468 15,957 14,380 13,190 Calculate Larkspur's (1) asset turnover ratio, and (2) return on assets ratio for 2020 through 2022. (Round answers to 2 decimal places, e.g. 52.75.) 2022 2021 2020 Asset times times times turnover ratio Return on % % % assets ratio Determine from the results obtained in part (a) if Larkspur's: Asset turnover ratio from 2021 to 2022. (1) (2) Asset turnover ratio from 2020 to 2021. (3) Return on assets ratio from 2021 to 2022. (4) Return on assets ratio from 2020 to 2021
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