In ts 2006 annual report Campbell Soup Company reports beginning-of-the-year total assets of $6,776 million, end-of-the-year total assets of $7,870 million, total sales of $7,343 million, and net income of $766 million.

(a) Compute Campbell’s asset turnover ratio.

(b) Compute Campbell’s profit margin on sales.

(c) Compute Campbell’s rate of return on assets

(1) Using assets turnover and profit margin and

(2) Using net income.