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The following information is available from the financial statements of Landscape Enhancements Inc.: Total assets, December 31 Profit 2020 2019 2018 $342,000 $554,000 $1,296,000 50,800

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The following information is available from the financial statements of Landscape Enhancements Inc.: Total assets, December 31 Profit 2020 2019 2018 $342,000 $554,000 $1,296,000 50,800 70,300 110,500 a. Calculate Landscape Enhancements' return on total assets for 2019 and 2020. (Round the final answers to 1 decimal place.) 2019 2020 Return on total assets % % b-1. Indicate whether the change in the company's efficiency in using its assets from 2019 to 2020 was favourable or unfavourable. Favourable Unfavourable a. Calculate Landscape Enhancements' return on total assets for 2019 and 2020. (Round the final answers to 1 decimal place.) 2019 2020 Return on total assets 25 % b-1. Indicate whether the change in the company's efficiency in using its assets from 2019 to 2020 was favourable or unfavourable. O Favourable O Unfavourable b-2. Compare the return on total assets of 2020 with the industry average and indicate whether the efficiency is favourable or unfavourable. Use Exhibit 1711 O Favourable Unfavourable

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