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Problem 9-12A a Carla Vista Limited competes in the fast food industry with Flint Limited. Carla Vista embarked on a major expansion in 2018, borrowing

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Problem 9-12A a Carla Vista Limited competes in the fast food industry with Flint Limited. Carla Vista embarked on a major expansion in 2018, borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Carla Vista has. Flint, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on a strategy of making existing operations more efficient. Data for the two companies are provided below (in thousands of dollars): 2018 2017 2016 Carla Vista Total assets $1,850 $1,002 $970 Net sales 3,003 1,570 1,600 Net Income 335 138 140 Flint Total assets 960 970 Net sales 1,862 1,696 2,000 Net Income 162 193 210 741 Calculate the (1) profit margin, (2) asset turnover, and (3) return on asset ratios for each company in 2017 and 2018. (Round answers to I decimal place, e.g. 5.2% or 5.2.) Flint Carla Vista 2018 2017 2017 2018 (1) Profit margin % % 9% (2) Asset turnover times times times times 9% 96 96 (3) Return on assets

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