In its annual report, Campbell Soup Company (USA) reports beginning-of-the-year total assets of $7,745 million, end-of-the-year total

Question:

In its annual report, Campbell Soup Company (USA) reports beginning-of-the-year total assets of $7,745 million, end-of-the-year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. Compute Campbell's
(a) Profit margin on sales.
(c) Compute Campbell's return on assets using (1) and profit margin and (2) net income.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.