Question
Teal Mountain Inc., a fertilizer company based in Alberta, had the following information on its financial statements for the fiscal years ended December 31. All
Teal Mountain 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 | $16,172 | $15,727 | $16,914 | $15,460 | ||||
| Profit | 765 | 1,342 | 1,428 | 1,410 | ||||
| Total assets | 17,460 | 15,952 | 14,375 | 13,230 |
1.Calculate Teal Mountain'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.)
2. Determine from the results obtained in part (a) if Teal Mountains:
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
