Neutrocite inc., which obtained its position as the largest retailer of medical supplies in the past, are now reducing the companys profitability and even threatening its survival. The problem is that many customers go to Neutrocite stores to see items but then buy them for less from online retailers.Suppose the following data were extracted from the 2022 and 2016 annual reports of Neutrocite. (All amounts are in millions.)

2022 2021 2016 2015

Total assets at year end $17,849 $18,302 $11,864 $10,294

Net sales 50,272 30,848

Net income 1,277 1,140

Using the data above, answer the following questions.

Compute the profit margin, asset turnover, and return on assets for 2022 and 2016.

Discuss the implications of the ratios calculated in parts (a).

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