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The 2020 Annual Report of Cullumber International contains the following information. (in millions) June 29, 2020 June 27, 2019 Total assets $1,508 $1,331 Total liabilities

The 2020 Annual Report of Cullumber International contains the following information.

(in millions) June 29, 2020 June 27, 2019
Total assets $1,508 $1,331
Total liabilities 1,111 1,135
Net sales 2,988 2,608
Net income 152 142

Compute the following ratios for Cullumber International for 2020.

(a) Asset turnover(Round answer to 3 decimal places, e.g. 0.851 times.) enter a number of times rounded to 3 decimal places times
(b) Return on assets(Round answer to 2 decimal places, e.g. 4.87%.) enter percentages rounded to 2 decimal places %
(c) Profit margin on sales(Round answer to 2 decimal places, e.g. 4.87%.)

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