Sunland Limited competes in the fast food industry with Marigold Limited. Sunland underwent a major expansion in 2021. borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Sunland has. Marigold on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on making existing operations more efficient Data for the two companies are provided below (in thousands of dollars): 2021 2020 2019 $2.140 3,290 368 Sunland Total assets Sales Net income Marigold Total assets Sales Net income $1,024 1,500 150 $1.090 1.600 140 857 1.931 819 1.861 213 1.090 2.000 210 163 (a) Calculate the (1) profit margin, (2) asset turnover, and (3) return on asset ratios for each company in 2020 and 2021. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) 2021 2020 2019 $2,140 3.290 368 $1,024 1,500 150 $1.090 1,600 140 Sunland Total assets Sales Net income Matigold Total assets Sales Net income 819 857 1.931 163 1,861 213 1,090 2,000 210 (a) Calculate the (1) profit margin, (2) asset turnover ond (3) return on asset ratios for each company in 2020 and 2021. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) Sunland 2020 2021 2020 (1) Proht margin 112 % 12) Asset turnover times times (3) Return on assets % 96 Save for Later Attempts: 1 of 3 used Submit