Please don't give image format Tamarisk Inc., a fertilizer company based in Alberta, had the following information on its financial statements for the fiscal years endedDecember 31. All figures are in millions of dollars.Net salesProfitTotal assets2025$16,03079017,3722024$15,7551,21015,9562023$16,8801,46314,3792022$15,5601,35513,330 Calculate Tamarisk's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025. (Round answers to 2 decimalplaces, eg. 52.75.)AssetturnoverratioReturnonassetsratio20250.964.74times%20241.045.21times%20231.22times10.5 %AC

According to the question given, we need to compute the financial ratio.Financial ratios:Financial…

Calculate Tamarisk's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025. (Round answers to 2 decimal places, eg. 52.75) Asset turnover ratio Return on assets ratio 2025 0.96 times 4.74 % 2024 1.04 5.21 times % 2023 1.22 10.5 times %

Calculate Tamarisk's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025. (Round answers to 2 decimal places, eg. 52.75) Asset turnover ratio Return on assets ratio 2025 0.96 times 4.74 % 2024 1.04 5.21 times % 2023 1.22 10.5 times %

Cornerstones of Financial Accounting

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Chapter7: Operating Assets

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Question

Please don't give image format

Tamarisk Inc., a fertilizer company based in Alberta, had the following information on its financial statements for the fiscal years ended
December 31. All figures are in millions of dollars.
Net sales
Profit
Total assets
2025
$16,030
790
17,372
2024
$15,755
1,210
15,956
2023
$16,880
1,463
14,379
2022
$15,560
1,355
13,330

Calculate Tamarisk's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025. (Round answers to 2 decimal
places, eg. 52.75.)
Asset
turnover
ratio
Return
on
assets
ratio
2025
0.96
4.74
times
%
2024
1.04
5.21
times
%
2023
1.22
times
10.5 %
A
C

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