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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. All
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 | $ 16,102 | $ 15,783 | $ 16,912 | $ 15,400 | ||||
Profit | 715 | 1,171 | 1,448 | 1,360 | ||||
Total assets | 17,324 | 15,953 | 14,376 | 13,230 |
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.)
2022 | 2021 | 2020 | |||||||
Asset turnover ratio | times | times | times | ||||||
Return on assets ratio | % | % | % |
Determine from the results obtained in part (a) if Sage Hill's: Asset turnover ratio from 2021 to 2022. (1) Asset turnover ratio (2) from 2020 to 2021. Return on assets ratio from 2021 to 2022. (3) Return on assets ratio
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