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The 2020 annual report of Shamrock Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,101,348 $837,167 Total liabilities
The 2020 annual report of Shamrock Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,101,348 $837,167 Total liabilities 627,578 Consolidated sales 4,274,463 2,446,792 Net income 70,234 49,262 (a) Calculate the following ratios for Shamrock 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
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