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The following information is available from the financial statements of Landscape Enhancements Inc. 7 2019 Total assets, December 31 Profit 2020 $340,000 49,480 2018 $615,000
The following information is available from the financial statements of Landscape Enhancements Inc. 7 2019 Total assets, December 31 Profit 2020 $340,000 49,480 2018 $615,000 $1,386,000 64,500 107,600 10 points a. Calculate Landscape Enhancements' return on total assets for 2019 and 2020. (Round the final answers to 1 decimal place.) 2019 2020 Print Return on total assets N 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 Unfavourable Help Save & Exit Submit 2019 2020 Return on total assets % 7 10 points b-1. Indicate whether the change in the company's efficiency in using its assets from 2019 to 2020 was favourable or unfavourable. Print 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 17.11. O Favourable O Unfavourable
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