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Question 5 of 5 - 13 View Policies Current Attempt in Progress Cullumber Limited competes in the fast food industry with Riverbed Limited. Cullumber underwent

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Question 5 of 5 - 13 View Policies Current Attempt in Progress Cullumber Limited competes in the fast food industry with Riverbed Limited. Cullumber underwent a major expansion in 2021, borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Cullumber has, Riverbed, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on making existing operations more efficient. Data for the two companies are provided below (in thousands of dollars): 2021 2020 2019 Cullumber Total assets Sales $1,149 $2,180 2.975 1,360 140 $900 1,600 140 322 Net income verbed Total assets Sales Net income 850 2.005 939 1,675 203 900 2.000 210 180 (a) Calculate the (1) profit margin. (2) asset turnover, and (3) return on asset ratios for each company in 2020 and 2021. (Round answers to 1 decimal place, e g. 5.2% or 5.2.)

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