Loblaw reported sales of $31,250 million, cost of goods sold of $23,894 million, and profit of $769

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Loblaw reported sales of $31,250 million, cost of goods sold of $23,894 million, and profit of $769 million for a recent year. Its total assets were $16,841 million at the beginning of the year and $17,428 million at the end of the year. Calculate the
(a) Gross profit margin,
(b) Profit margin,
(c) Asset turnover, and
(d) Return on assets ratios?
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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