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The 2020 annual report of Metlock Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,181,348 $847,167 Total liabilities
The 2020 annual report of Metlock Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,181,348 $847,167 Total liabilities 627,478 412,844 Consolidated sales 4,174,463 2,446,692 Net income 80,234 57,662 (a) Calculate the following ratios for Metlock Inc. for 2020: (Round answers to 2 decimal places, e.g. 52.75.) 1. Asset turnover ratio times 2. Rate of return on assets % 3. Profit margin on sales %
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