Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2011, and December 31, 2010 (in millions):
______________________________________ Dec. 31, 2011 _______ Dec. 31, 2010
Net revenues ........................................ $39,337 ............ $32,003
Profit ................................................. 4,304 ............. 3,829
Total assets, end of year ........................... 74,777 ............. 68,607
Total assets, beginning of year ................... 68,607 ............. 67,799
Instructions
(a) Calculate Suncor's asset turnover and return on assets for the two years.
(b) Comment on what the ratios reveal about Suncor Energy Inc.'s effectiveness in using its assets to generate.