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The 2020 annual report of Sage Hill Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,091,348 $807,167
The 2020 annual report of Sage Hill Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,091,348 $807,167 Total liabilities 629,378 410,044 Consolidated sales Net income 3,774,463 2,447,492 84,234 55,062 (a) Calculate the following ratios for Sage Hill Inc. for 2020: (Round answers to 2 decimal places, e.g. 52.75.) 1. Asset turnover ratio 2. Rate of return on assets 3. Profit margin on sales times % %
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