Question: Selected comparative statement data for Cullumber Company are presented below. All balance sheet data are as at December 31. 2021 2020 Net sales $ 750,000

Selected comparative statement data for Cullumber Company are presented below. All balance sheet data are as at December 31.

2021

2020

Net sales $ 750,000 $ 730,000
Profit 88,000 72,000
Total assets 650,000 530,000
Total common shareholders equity 405,000 245,000

Calculate asset turnover for 2021. (Round answer to 1 decimal place, e.g. 12.5.)

Asset turnover _ times

Calculate return on assets for 2021. (Round answer to 1 decimal place, e.g. 12.5.)

Return on assets _ %

Calculate return on equity for 2021. (Round answer to 1 decimal place, e.g. 12.5.)

Return on equity _ %

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