Question 5 of5 - / 3 E Current Attempt in Progress Ivanhoe Limited competes in the fast food industry with Sarasota Limited. Ivanhoe 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 Ivanhoe has. Sarasota, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on making existing operations more efcient. Data for the two companies are provided below (in thousands of dollars): 2021 2020 2019 Ivanhoe Total assets $1,830 $1,107 $990 Sales 3,224 1,540 1,600 Net income 358 146 140 Sarasota Total assets 768 954 990 Sales 1,8 10 1,663 2,000 Net income 168 197 210 (a) Calculate the (1) prot margin, (2} asset turnover, and (3) return on asset ratios for each company in 2020 and 2021. (Round answers to 1 decimal place, 8.8. 5.2% or 5.2.) Ivanhoe 2020 2021 2020 (1} Prot margin 96 % (2} Asset turnover times times (3} Return on assets 96 96 (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.) Ivanhoe Sarasota 2021 2020 2021 % % % % times times times times % % % %