Question
Selected comparative statement data for Sunland Company are presented below. All balance sheet data are as at December 31. 2021 2020 Net sales Profit $770,000
Selected comparative statement data for Sunland Company are presented below. All balance sheet data are as at December 31. 2021 2020 Net sales Profit $770,000 $750,000 84,000 72,000 Total assets 615,000 535,000 Total common shareholders' equity 465,000 345,000 Calculate asset turnover for 2021. (Round answer to 1 decimal place, eg. 12.5) Asset turnover times Calculate return on assets for 2021. (Round answer to 1 decimal place, e.g. 12.5.) Return on assets eTextbook and Media % Calculate return on equity for 2021. (Round answer to 1 decimal place, e.g. 12.5.) Return on equity 26
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