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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 %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 %
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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