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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. Net sales Profit Total assets 2022 $16,102 715 17,324 2021 $15,783 1,171 15,953 2020 $16,912 1,448 14,376 2019 $15,400 1,360 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 times times times Asset turnover ratio Return on assets ratio % % % Determine from the results obtained in part (a) if Sage Hill's: (1) Asset turnover ratio from 2021 to 2022. Asset turnover ratio from 2020 to 2021. (2) (3) Return on assets ratio from 2021 to 2022. Return on assets ratio from 2020 to 2021. (4)
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