buCUL Question 7 of 7 - / 10 3 View Policies Current Attempt in Progress Wildhorse Company and Swifty Company both manufacture school science equipment. The following financial information is for three years ended December 31 (in thousands): Wildhorse Company Net sales Profit Total assets 2021 2020 2019 $561.0 $529.0 $476.0 22.1 21.1 19.6 703.1 675.1 605.1 Swifty Company Net sales Profit Total assets 2021 2020 2019 $1.755.1 $1,591.1 $1.477.2 97.1 86.1 79.1 1,533.1 1.423.1 1,328.1 (a) Calculate the asset turnover and return on assets ratios for both companies for 2020 and 2021. (Round answers to 2 decimal places eg. 52.75.) Wildhorse Company Swifty Company Asset turnover 2021 :1 Question 7 of 7 - / 10 5 Swifty Company Net sales Profit Total assets 2021 2020 2019 $1,755.1 $1,591.1 $1.477.2 97.1 86.1 79.1 1,533.1 1,423.1 1,328.1 (a) Calculate the asset turnover and return on assets ratios for both companies for 2020 and 2021. (Round answers to 2 decimal places, eg. 52.75:) Wildhorse Company Swifty Company Asset turnover 2021 :1 :1 Asset turnover 2020 +1 : 1 Return on assets 2021 %6 % Return on assets 2020 96 96 e Textbook and Media Sve for Later Attempts: 0 of 5 used Submit Answer Using multiple attempts will impact your score. 20% score reduction after attempt 3