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The 2020 Annual Report of Windsor International contains the following information. (in millions) June 29, 2020 June 27, 2019 Total assets $1,341 $1,326 Total
The 2020 Annual Report of Windsor International contains the following information. (in millions) June 29, 2020 June 27, 2019 Total assets $1,341 $1,326 Total liabilities 961 1,203 Net sales 2,769 2,956 Net income 154 132 Compute the following ratios for Windsor International for 2020. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) 1.038 times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) 11.48 % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) 5.56 %
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