9.2 The 2022 annual report of TatraTea Inc. contains the following information. Note the amount is in thousands of dollars.     December 31, 2022 December 31, 2021  Total assets $1,071,348  $787,167  Total liabilities  626,178 410,044 Consolidated sales 3,374,463  2,443,592 Net income 66,234  49,062 Required Calculate the following ratios for TatraTea in 2022. Asset turnover ratio Rate of return on assets Profit margin on sales

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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9.2

The 2022 annual report of TatraTea Inc. contains the following information. Note the amount is in thousands of dollars. 

 

 December 31, 2022

December 31, 2021

 Total assets

$1,071,348 

$787,167 

Total liabilities

 626,178

410,044

Consolidated sales

3,374,463 

2,443,592

Net income

66,234 

49,062


Required

Calculate the following ratios for TatraTea in 2022.

  1. Asset turnover ratio
  2. Rate of return on assets
  3. Profit margin on sales

 

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