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There's one incorrect answer: In its 2020 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,018 million, end-of-the-year total assets of $2,482 million, total

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In its 2020 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,018 million, end-of-the-year total assets of $2,482 million, total revenue of $2,509 million, and net income of $105 million. V Your answer is correct. Calculate Waterway's asset turnover ratio. (Round answer to 2 decimal places, as. 52.75.) Asset turnover ratio times V Your answer is correct. Calculate Waterway's prot margin. (Round answer to 2 decimal places, e.g. 52.75%.) Prot margin 4.18 % eTextbook and Media Your answer is partially correct. Calculate Waterway's rate of return on assets (1) using the asset turnover and prot margin, and (2) using net income. (Round answers to 2 decimal places, e.g. 52.75%.) Rate of return on assets (1) Using the asset turnover and prot margin 4.65 % (2) Using net income 4.66 %

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