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The 2020 annual report of Splish Brothers Inc. contains the following information (in thousands): Dec. 31, 2020 Dec. 31, 2019 Total assets $1,161,348 $787,167 Total
The 2020 annual report of Splish Brothers Inc. contains the following information (in thousands):
Dec. 31, 2020 | Dec. 31, 2019 | |||||
---|---|---|---|---|---|---|
Total assets | $1,161,348 | $787,167 | ||||
Total liabilities | 628,478 | 411,544 | ||||
Consolidated sales | 3,674,463 | 2,445,392 | ||||
Net income | 68,234 | 56,562 |
(a) Calculate the following ratios for Splish Brothers Inc. for 2020: (Round answers to 2 decimal places, e.g. 52.75.)
1. Asset turnover ratio | enter Asset turnover ratio in times | times | |
---|---|---|---|
2. Rate of return on assets | enter percentages | % | |
3. Profit margin on sales | enter percentages | % |
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