Sunland Limited Competes In The Fast Food Industry With Culver Limited Sunland Underwent A Major Expansion In 2021 Bor 1 (27.63 KiB) Viewed 12 times
Sunland Limited Competes In The Fast Food Industry With Culver Limited Sunland Underwent A Major Expansion In 2021 Bor 2 (21.99 KiB) Viewed 12 times
Sunland Limited competes in the fast food industry with Culver Limited. Sunland underwent a major expansion in 2021, borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Sunland has. Culver, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on making existing operations more efficient. Data for the two companies are provided below (in thousands of dollars): Sunland Total assets Sales Net income: Culver Total assets Sales Net income day 2021 2020 2019 $2,090 3,205 837 1,846 177 $993 1,650 1,600 140 147 $960 908 1.585 2,000 218 960 210
Calculate the (1) profit margin, (2) asset turnover, and (3) return on asset ratios for each company in 2020 and 2021. (Round answers to 1 decimal place, e.g. 5.2 % or 5.2.) (1) (2) (3) Profit margin Asset turnover Return on assets Save for Later 2020 % Sunland times % 2021 % times % 2020 Attempts: 0 of 3 used Submit Answer
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