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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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