Agrium Inc., a global agricultural nutrients producer headquartered in Calgary, reports the following in its 2014 financial

Question:

Agrium Inc., a global agricultural nutrients producer headquartered in Calgary, reports the following in its 2014 financial statements (in millions of US$):

__________________2014 2013

Sales………….........$16,042………………..$15,727

Net earnings……………720…………………..1,063

Total assets………….17,108…………………15,977

Note: "Sales" can be used in place of "Net sales" and "Net earnings" can be used in place of "Profit" in your ratio calculations.

Calculate Agrium's return on assets and asset turnover for 2014.

Financial Statements
Financial 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.