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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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