Agrium Inc., a global agricultural nutrients producer that is headquartered in Calgary, Alberta, reports the following in
Question:
Agrium Inc., a global agricultural nutrients producer that is headquartered in Calgary, Alberta, reports the following in its 2011 financial statements (in millions of US$):
_________________________ 2011 ______________ 2010
Net sales ......................$15,470 .............. $10,743
Profit ........................... 1,375 .............. 713
Total assets .................... 13,140 ..............12,892
Calculate Agrium's return on assets and asset turnover for 2011.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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