Windsor 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 (a) Asset turnover ratio Return 2025 on assets ratio $16,142 745 17,492 2024 $15,751 1,189 15,946 2023 $16,884 1,463 Calculate Windsor's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025. (Round answers to 2 decimal places, e.g. 52.75.) 2025 14,369 times 2022 % $15,350 1,440 13,140 2024 times %
Windsor 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 (a) Asset turnover ratio Return 2025 on assets ratio $16,142 745 17,492 2024 $15,751 1,189 15,946 2023 $16,884 1,463 Calculate Windsor's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025. (Round answers to 2 decimal places, e.g. 52.75.) 2025 14,369 times 2022 % $15,350 1,440 13,140 2024 times %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Windsor 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
(a)
Asset
turnover
ratio
2025
Return
on
assets.
ratio
$16,142
745
17,492
2024
$15,751
1,189
15,946
2023
2022
$16,884 $15,350
1,463
1,440
14,369
Calculate Windsor's (1) asset turnover ratio, and (2) return on assets ratio for 2023 through 2025.
(Round answers to 2 decimal places, e.g. 52.75.)
2025
times
13,140
%
2024
times
%
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