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Wildhorse Limited reported the following information (in millions) at December 31, 2021: sales $12,870; net income $561; total assets at December 31, 2021, $7,660; and
Wildhorse Limited reported the following information (in millions) at December 31, 2021: sales $12,870; net income $561; total assets at December 31, 2021, $7,660; and total assets at December 31, 2020, $6,713. (a) Calculate the following ratios for the year: (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 5.2% or 5.2) Return on assets % Asset turnover times so Profit margin
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