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Sage Hill Inc., a fertilizer company based in Alberta, had the following information on its financial statements for the fiscal years ended December 31.
Sage Hill 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 $16,036 $15,775 $16,904 $15,490 Profit 725 1,282 1,453 1,465 Total assets 17,116 15,947 14,370 13,130 Calculate Sage Hill'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.) Asset turnover ratio 2022 times 2021 times 2020 times
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