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Selected comparative statement data for Cullumber Company are presented below. All balance sheet data are as at December 31. 2021 2020 Net sales $ 750,000
Selected comparative statement data for Cullumber Company are presented below. All balance sheet data are as at December 31.
2021 | 2020 | |||
Net sales | $ 750,000 | $ 730,000 | ||
Profit | 88,000 | 72,000 | ||
Total assets | 650,000 | 530,000 | ||
Total common shareholders equity | 405,000 | 245,000 |
Calculate asset turnover for 2021. (Round answer to 1 decimal place, e.g. 12.5.)
Asset turnover | _ times |
Calculate return on assets for 2021. (Round answer to 1 decimal place, e.g. 12.5.)
Return on assets | _ % |
Calculate return on equity for 2021. (Round answer to 1 decimal place, e.g. 12.5.)
Return on equity | _ % |
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