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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 % % %

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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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