The 2020 annual report of Kingbird Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,171,348 $797,167 Total liabilities 628,478 411,344 Consolidated sales 3,774,463 2,446,192 Net income 76,234 50,862 (a) Calculate the following ratios for Kingbird Inc. for 2020: (Round answers to 2 decimal places, eg. 52.75.) 1. Asset turnover ratio times 2. Rate of return on assets % 3. Profit margin on sales %